Jupiter Asset Management Ltd. Acquires Shares of 171,051 NorthWestern Energy Group, Inc. (NYSE:NWE)

Key Points

• Jupiter Asset Management Ltd. acquired 171,051 shares of NorthWestern Energy Group, valued at approximately $9.9 million, increasing its ownership stake to 0.28%.
• Several institutional investors, including the State of Alaska Department of Revenue and the State of Michigan Retirement System, also raised their stakes in NorthWestern Energy Group during the first quarter.
• The company declared a $0.66 quarterly dividend, with a payout date set for September 30th, reflecting a 4.9% yield for shareholders.

Jupiter Asset Management Ltd. acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 171,051 shares of the company's stock, valued at approximately $9,899,000. Jupiter Asset Management Ltd. owned 0.28% of NorthWestern Energy Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of NorthWestern Energy Group by 155.3% in the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after purchasing an additional 514 shares during the period. GAMMA Investing LLC increased its stake in shares of NorthWestern Energy Group by 27.7% in the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after purchasing an additional 498 shares during the period. CWM LLC increased its stake in shares of NorthWestern Energy Group by 38.0% in the first quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after purchasing an additional 842 shares during the period. KBC Group NV increased its stake in shares of NorthWestern Energy Group by 30.6% in the first quarter. KBC Group NV now owns 3,266 shares of the company's stock worth $189,000 after purchasing an additional 765 shares during the period. Finally, HF Advisory Group LLC bought a new position in shares of NorthWestern Energy Group in the first quarter worth about $207,000. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock traded up $0.33 during trading hours on Thursday, hitting $55.39. 29,939 shares of the stock were exchanged, compared to its average volume of 464,065. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.17, a P/E/G ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $59.89. The business's 50-day moving average is $52.50 and its two-hundred day moving average is $54.59.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. NorthWestern Energy Group's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio is 71.93%.

Analyst Ratings Changes

NWE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. 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 objective for the company. Wells Fargo & Company upped their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a research report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group has an average rating of "Hold" and a consensus target price of $60.00.

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.