MAI Capital Management Raises Stake in NorthWestern Energy Group, Inc. $NWE

Key Points

• MAI Capital Management significantly increased its stake in NorthWestern Energy Group by 3,014.8%, owning 4,828 shares valued at approximately $279,000.
• NorthWestern Energy Group announced a quarterly dividend of $0.66 per share, with a dividend yield of 4.6% and a payout ratio of 71.93%.
• Wall Street analysts have mixed ratings for NorthWestern Energy Group, with an average price target of $60.00 and a consensus rating of "Moderate Buy".

MAI Capital Management increased its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 3,014.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,828 shares of the company's stock after buying an additional 4,673 shares during the quarter. MAI Capital Management's holdings in NorthWestern Energy Group were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NWE. Nuveen LLC purchased a new position in shares of NorthWestern Energy Group in the 1st quarter worth about $53,538,000. Jane Street Group LLC boosted its holdings in shares of NorthWestern Energy Group by 1,549.9% in the 1st quarter. Jane Street Group LLC now owns 243,070 shares of the company's stock worth $14,066,000 after buying an additional 228,338 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of NorthWestern Energy Group in the 1st quarter worth about $9,899,000. Nuveen Asset Management LLC boosted its holdings in shares of NorthWestern Energy Group by 24.7% in the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock worth $40,225,000 after buying an additional 148,870 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of NorthWestern Energy Group by 7,288.9% in the 1st quarter. GAMMA Investing LLC now owns 132,927 shares of the company's stock worth $7,692,000 after buying an additional 131,128 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

NorthWestern Energy Group Price Performance

NYSE NWE opened at $57.95 on Friday. The company has a market cap of $3.56 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $59.89. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The firm's 50-day simple moving average is $54.53 and its two-hundred day simple moving average is $55.07.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same quarter in the previous year, the firm earned $0.53 EPS. The business's revenue for the quarter 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. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current 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 given a dividend of $0.66 per share. The ex-dividend date is Monday, September 15th. This represents a $2.64 annualized dividend and a dividend yield of 4.6%. NorthWestern Energy Group's dividend payout ratio is currently 71.93%.

NorthWestern Energy Group Company Profile

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.

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