Jane Street Group LLC Sells 18,298 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Jane Street Group LLC decreased its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 55.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,732 shares of the company's stock after selling 18,298 shares during the quarter. Jane Street Group LLC's holdings in NorthWestern Energy Group were worth $788,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. S.A. Mason LLC purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $30,000. Steward Partners Investment Advisory LLC increased its position in shares of NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock valued at $52,000 after purchasing an additional 465 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NorthWestern Energy Group by 280.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares during the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock traded up $0.55 during midday trading on Thursday, hitting $55.05. The stock had a trading volume of 341,009 shares, compared to its average volume of 395,558. The firm's fifty day moving average is $56.72 and its two-hundred day moving average is $54.96. The company has a market capitalization of $3.38 billion, a PE ratio of 15.08, a P/E/G ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a 52-week low of $48.52 and a 52-week high of $59.89. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same period in the prior year, the business posted $1.09 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.80%. NorthWestern Energy Group's payout ratio is 68.75%.

Wall Street Analyst Weigh In

NWE has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target for the company. Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays increased their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $60.21.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.