First PREMIER Bank Increases Position in NorthWestern Energy Group, Inc. $NWE

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 lifted its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 60.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 114,032 shares of the company's stock after acquiring an additional 42,784 shares during the period. NorthWestern Energy Group accounts for 1.4% of First PREMIER Bank's portfolio, making the stock its 19th biggest holding. First PREMIER Bank owned about 0.19% of NorthWestern Energy Group worth $5,850,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of NorthWestern Energy Group by 155.3% during the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after buying an additional 514 shares during the last quarter. Ransom Advisory Ltd raised its holdings in shares of NorthWestern Energy Group by 800.0% during the second quarter. Ransom Advisory Ltd now owns 1,800 shares of the company's stock valued at $92,000 after buying an additional 1,600 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of NorthWestern Energy Group during the first quarter valued at approximately $116,000. Kestra Investment Management LLC bought a new stake in shares of NorthWestern Energy Group during the first quarter valued at approximately $129,000. Finally, GAMMA Investing LLC raised its holdings in shares of NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock valued at $133,000 after buying an additional 498 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

NorthWestern Energy Group Stock Performance

Shares of NWE stock traded up $0.43 during trading hours on Tuesday, hitting $56.77. 107,458 shares of the company were exchanged, compared to its average volume of 464,096. NorthWestern Energy Group, Inc. has a 52-week low of $50.43 and a 52-week high of $59.89. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 2.40 and a beta of 0.40. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $55.45 and a 200 day simple moving average of $55.19.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the prior year, the firm earned $0.53 earnings per share. NorthWestern Energy Group's 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. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 annualized dividend and a yield of 4.7%. NorthWestern Energy Group's payout ratio is presently 71.93%.

NorthWestern Energy Group 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.