Advisors Asset Management Inc. Purchases 11,920 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Advisors Asset Management Inc. increased its ownership in NorthWestern Energy Group by 10.1%, acquiring a total of 129,963 shares valued at approximately $7.52 million.
• Equity analysts have set a consensus moderate buy rating for NorthWestern Energy Group, with an average price target of $60.00 per share.
• The company declared a quarterly dividend of $0.66 per share, reflecting a 4.6% dividend yield, with an upcoming payout date of September 30th.

Advisors Asset Management Inc. increased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,963 shares of the company's stock after acquiring an additional 11,920 shares during the period. Advisors Asset Management Inc. owned about 0.21% of NorthWestern Energy Group worth $7,521,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Systematic Financial Management LP grew its stake in NorthWestern Energy Group by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 1,114,838 shares of the company's stock worth $64,516,000 after purchasing an additional 4,264 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in NorthWestern Energy Group by 13.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company's stock valued at $57,940,000 after buying an additional 117,087 shares during the last quarter. Nuveen LLC acquired a new stake in shares of NorthWestern Energy Group during the first quarter worth $53,538,000. Northern Trust Corp raised its position in NorthWestern Energy Group by 11.5% in the fourth quarter. Northern Trust Corp now owns 894,163 shares of the company's stock valued at $47,802,000 after purchasing an additional 91,977 shares during the period. Finally, ProShare Advisors LLC grew its stake in NorthWestern Energy Group by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 772,252 shares of the company's stock worth $41,285,000 after purchasing an additional 21,116 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NWE shares. 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 report on Monday, June 2nd. BMO Capital Markets initiated coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $60.00.

NorthWestern Energy Group Trading Down 2.5%

NWE stock traded down $1.47 during midday trading on Monday, hitting $56.48. The stock had a trading volume of 405,354 shares, compared to its average volume of 470,463. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year high of $59.89. The firm has a market cap of $3.47 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The business has a fifty day moving average price of $54.53 and a two-hundred day moving average price of $55.09. 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 (NYSE:NWE - Get Free Report) last released its 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 net margin of 14.81% and a return on equity of 7.40%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, sell-side 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%.

About NorthWestern Energy Group

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.