NorthWestern Energy Group, Inc. $NWE is AlphaQuest LLC's 9th Largest Position

Key Points

• AlphaQuest LLC significantly increased its stake in NorthWestern Energy Group by 2,186.8% during the first quarter, making it the firm's 9th largest position in its portfolio.
• NorthWestern Energy's stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average price target of $60.00.
• The company announced a quarterly dividend of $0.66, representing a 4.6% yield and scheduled to be paid on September 30th, 2023.

AlphaQuest LLC raised its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 2,186.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,988 shares of the company's stock after buying an additional 58,321 shares during the quarter. NorthWestern Energy Group comprises 0.4% of AlphaQuest LLC's portfolio, making the stock its 9th largest holding. AlphaQuest LLC owned approximately 0.10% of NorthWestern Energy Group worth $3,529,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Martingale Asset Management L P grew its holdings in NorthWestern Energy Group by 1.2% during the 1st quarter. Martingale Asset Management L P now owns 49,571 shares of the company's stock valued at $2,869,000 after buying an additional 600 shares in the last quarter. Capital Fund Management S.A. purchased a new position in NorthWestern Energy Group during the 1st quarter valued at about $1,251,000. EntryPoint Capital LLC purchased a new position in NorthWestern Energy Group during the 1st quarter valued at about $356,000. Van Lanschot Kempen Investment Management N.V. grew its holdings in NorthWestern Energy Group by 8.0% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 106,494 shares of the company's stock valued at $6,163,000 after buying an additional 7,857 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in NorthWestern Energy Group during the 1st quarter valued at about $116,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. BMO Capital Markets started coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective for the company. Finally, Wells Fargo & Company upped their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $60.00.

NorthWestern Energy Group Stock Down 0.7%

Shares of NWE opened at $57.07 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 15.64, a P/E/G ratio of 2.40 and a beta of 0.35. The stock has a 50 day simple moving average of $53.09 and a two-hundred day simple moving average of $54.74. 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, Inc. has a 1 year low of $50.43 and a 1 year high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping 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%.The business's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 annualized dividend and a 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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