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

Mackenzie Financial Corp grew its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 144.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,247 shares of the company's stock after purchasing an additional 6,049 shares during the period. Mackenzie Financial Corp's holdings in NorthWestern Energy Group were worth $548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. S.A. Mason LLC purchased a new position in NorthWestern Energy Group in the 4th quarter worth approximately $30,000. Steward Partners Investment Advisory LLC boosted its position in 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 buying an additional 465 shares during the period. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 887 shares during the period. Asset Management One Co. Ltd. bought a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $92,000. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

NWE has been the subject of several research reports. BMO Capital Markets initiated 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 target for the company. LADENBURG THALM/SH SH reiterated a "neutral" rating and issued a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday. Barclays upped their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $60.00.

NorthWestern Energy Group Trading Down 0.4%

Shares of NWE traded down $0.19 during midday trading on Friday, hitting $52.37. The stock had a trading volume of 48,989 shares, compared to its average volume of 398,448. The firm has a market cap of $3.21 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a 1 year low of $48.52 and a 1 year high of $59.89. The stock's 50 day moving average is $56.49 and its 200 day moving average is $54.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business posted $1.09 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced 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. This represents a $2.64 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's payout ratio is 68.75%.

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.