6,930 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Purchased by Neo Ivy Capital Management

Key Points

• Neo Ivy Capital Management invested approximately $401,000 in NorthWestern Energy Group, acquiring 6,930 shares during Q1, indicating growing institutional interest in the stock.
• Analysts have mixed ratings for the stock, with BMO Capital Markets setting a price target of $60.00, while others, such as Wells Fargo, increased their target to $64.00, suggesting varied confidence in its future performance.
• NorthWestern Energy recently declared a quarterly dividend of $0.66, providing a 5.02% yield, highlighting its commitment to returning value to shareholders.

Neo Ivy Capital Management purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,930 shares of the company's stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Legato Capital Management LLC acquired a new position in shares of NorthWestern Energy Group during the first quarter worth $300,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in NorthWestern Energy Group in the first quarter valued at $1,822,000. Lindbrook Capital LLC increased its holdings in shares of NorthWestern Energy Group by 4,269.4% during the first quarter. Lindbrook Capital LLC now owns 4,719 shares of the company's stock valued at $273,000 after acquiring an additional 4,611 shares in the last quarter. South Dakota Investment Council increased its stake in NorthWestern Energy Group by 26.9% during the 1st quarter. South Dakota Investment Council now owns 122,311 shares of the company's stock valued at $7,078,000 after purchasing an additional 25,949 shares in the last quarter. Finally, Foundry Partners LLC lifted its position in NorthWestern Energy Group by 11.4% in the 1st quarter. Foundry Partners LLC now owns 10,673 shares of the company's stock valued at $618,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Up 0.1%

Shares of NWE traded up $0.06 during mid-day trading on Wednesday, reaching $52.60. The company's stock had a trading volume of 150,800 shares, compared to its average volume of 460,501. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $59.89. The company's fifty day moving average price is $52.62 and its two-hundred day moving average price is $54.56. The stock has a market cap of $3.23 billion, a PE ratio of 14.42, a P/E/G ratio of 2.40 and a beta of 0.35.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly 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 return on equity of 7.40% and a net margin of 14.81%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.