NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 144.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,247 shares of the company's stock after buying an additional 6,049 shares during the quarter. Mackenzie Financial Corp's holdings in NorthWestern Energy Group were worth $548,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of NorthWestern Energy Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock valued at $366,175,000 after purchasing an additional 56,180 shares during the period. River Road Asset Management LLC boosted its stake in shares of NorthWestern Energy Group by 6.1% in the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock valued at $126,803,000 after purchasing an additional 136,922 shares during the period. Systematic Financial Management LP boosted its stake in shares of NorthWestern Energy Group by 3.7% in the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock valued at $59,371,000 after purchasing an additional 40,140 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock valued at $55,248,000 after purchasing an additional 4,544 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of NorthWestern Energy Group by 391.6% in the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock valued at $53,454,000 after purchasing an additional 796,500 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Down 0.2%

NorthWestern Energy Group stock traded down $0.13 during trading on Friday, reaching $52.43. The stock had a trading volume of 432,656 shares, compared to its average volume of 401,020. 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 52-week low of $48.52 and a 52-week high of $59.89. The business has a 50 day moving average price of $56.49 and a 200 day moving average price of $54.91. The stock has a market cap of $3.22 billion, a PE ratio of 14.36, a P/E/G ratio of 2.40 and a beta of 0.40.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. 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 earned $1.09 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, June 13th. This represents a $2.64 dividend on an annualized basis and a yield of 5.04%. NorthWestern Energy Group's payout ratio is currently 68.75%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price objective for the company. LADENBURG THALM/SH SH reiterated a "neutral" rating and issued a $56.00 price target (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday. Wells Fargo & Company lifted their price target on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Barclays lifted their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Hold" and a consensus price target 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.