Jump Financial LLC Purchases 18,043 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Jump Financial LLC significantly increased its stake in NorthWestern Energy Group by 412.4% in the first quarter, holding a total of 22,418 shares valued at approximately $1.3 million.
• The company reported earnings per share of $0.40 for the quarter, surpassing analysts' expectations, with a year-over-year revenue increase of 7.1%.
• NorthWestern Energy Group has announced a quarterly dividend of $0.66 per share, representing a 4.6% yield, with a payout ratio of 71.93%.

Jump Financial LLC lifted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 412.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,418 shares of the company's stock after buying an additional 18,043 shares during the quarter. Jump Financial LLC's holdings in NorthWestern Energy Group were worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in NorthWestern Energy Group by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 7,179 shares of the company's stock worth $415,000 after acquiring an additional 185 shares during the period. State of Michigan Retirement System increased its holdings in NorthWestern Energy Group by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 14,728 shares of the company's stock worth $852,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System increased its holdings in NorthWestern Energy Group by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock worth $995,000 after acquiring an additional 200 shares during the period. State of Wyoming increased its holdings in shares of NorthWestern Energy Group by 6.1% in the 4th quarter. State of Wyoming now owns 4,138 shares of the company's stock worth $221,000 after buying an additional 238 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of NorthWestern Energy Group by 1.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 26,322 shares of the company's stock worth $1,523,000 after buying an additional 250 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NWE. BMO Capital Markets began coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price target on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.00.

NorthWestern Energy Group Trading Down 0.3%

Shares of NWE traded down $0.18 during trading hours on Wednesday, reaching $57.17. 45,224 shares of the company traded hands, compared to its average volume of 470,234. The company's fifty day moving average price is $54.13 and its two-hundred day moving average price is $54.98. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 15.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business's quarterly revenue was up 7.1% on a year-over-year basis. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 71.93%.

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.