Money Concepts Capital Corp Sells 6,960 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Money Concepts Capital Corp cut its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,493 shares of the company's stock after selling 6,960 shares during the period. Money Concepts Capital Corp's holdings in NorthWestern Energy Group were worth $1,707,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in NorthWestern Energy Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock worth $366,175,000 after acquiring an additional 56,180 shares during the period. River Road Asset Management LLC boosted its holdings in shares of NorthWestern Energy Group by 6.1% in the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock worth $126,803,000 after buying an additional 136,922 shares during the last quarter. Systematic Financial Management LP grew its position in NorthWestern Energy Group by 3.7% during the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock valued at $59,371,000 after buying an additional 40,140 shares during the period. Dimensional Fund Advisors LP increased its holdings in NorthWestern Energy Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock worth $55,248,000 after buying an additional 4,544 shares during the last quarter. Finally, First Trust Advisors LP raised its position in NorthWestern Energy Group by 391.6% in the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after acquiring an additional 796,500 shares during the period. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

NWE has been the topic of several research analyst reports. Barclays upped their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets initiated coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price objective for the company. Finally, LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group has an average rating of "Hold" and an average price target of $60.00.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE traded up $0.72 during mid-day trading on Tuesday, reaching $52.02. 422,205 shares of the company were exchanged, compared to its average volume of 415,322. NorthWestern Energy Group, Inc. has a 52 week low of $48.52 and a 52 week high of $59.89. The company's 50 day moving average price is $54.69 and its 200 day moving average price is $54.60. The stock has a market capitalization of $3.19 billion, a PE ratio of 14.25, a PEG ratio of 2.40 and a beta of 0.37. 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 (NYSE:NWE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $1.09 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, June 13th. NorthWestern Energy Group's payout ratio is 68.75%.

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.