NorthWestern Energy Group, Inc. $NWE Shares Acquired by First PREMIER Bank

Key Points

• First PREMIER Bank increased its stake in NorthWestern Energy Group, Inc. by 60.0% in the second quarter, owning 114,032 shares worth approximately $5.85 million.
• NorthWestern Energy recently reported earnings of $0.40 per share, exceeding analysts' estimates by $0.02, with a quarterly revenue increase of 7.1% year-over-year.
• The company announced a quarterly dividend of $0.66, with a yield of 4.7% and a dividend payout ratio of 71.93%.

First PREMIER Bank boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 60.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,032 shares of the company's stock after buying an additional 42,784 shares during the quarter. NorthWestern Energy Group accounts for about 1.4% of First PREMIER Bank's holdings, making the stock its 19th biggest holding. First PREMIER Bank owned approximately 0.19% of NorthWestern Energy Group worth $5,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in NorthWestern Energy Group by 155.3% during the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after purchasing an additional 514 shares in the last quarter. Ransom Advisory Ltd raised its holdings in NorthWestern Energy Group by 800.0% during the second quarter. Ransom Advisory Ltd now owns 1,800 shares of the company's stock worth $92,000 after purchasing an additional 1,600 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in NorthWestern Energy Group during the first quarter worth approximately $116,000. Kestra Investment Management LLC acquired a new stake in NorthWestern Energy Group during the first quarter worth approximately $129,000. Finally, GAMMA Investing LLC raised its holdings in NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after purchasing an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH reissued a "neutral" rating and set a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Hold" and a consensus target price of $59.17.

NorthWestern Energy Group Trading Down 0.6%

Shares of NWE stock opened at $56.08 on Friday. 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, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $59.89. The stock has a market capitalization of $3.44 billion, a P/E ratio of 15.36, a P/E/G ratio of 2.40 and a beta of 0.40. The stock has a 50-day simple moving average of $55.38 and a 200 day simple moving average of $55.19.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the business posted $0.53 earnings per share. NorthWestern Energy Group's quarterly revenue 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. On average, sell-side analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.7%. NorthWestern Energy Group's dividend payout ratio (DPR) is 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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