Northern Trust Corp Sells 20,819 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Northern Trust Corp reduced its stake in NorthWestern Energy Group by 2.3%, now holding about 873,344 shares worth approximately $50.54 million.
• Recent earnings reports indicated that NorthWestern Energy Group exceeded earnings estimates with $0.40 EPS, and revenue rose 7.1% year-over-year.
• The company announced a quarterly dividend of $0.66, providing a 4.5% annualized dividend yield for shareholders.

Northern Trust Corp decreased its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 873,344 shares of the company's stock after selling 20,819 shares during the quarter. Northern Trust Corp owned 1.42% of NorthWestern Energy Group worth $50,540,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State of Alaska Department of Revenue grew its holdings in NorthWestern Energy Group by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 7,179 shares of the company's stock worth $415,000 after acquiring an additional 185 shares during the last quarter. State of Michigan Retirement System grew its holdings in NorthWestern Energy Group by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 14,728 shares of the company's stock worth $852,000 after acquiring an additional 200 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in NorthWestern Energy Group by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company's stock worth $995,000 after acquiring an additional 200 shares during the last quarter. State of Wyoming grew its holdings in NorthWestern Energy Group by 6.1% during the 4th quarter. State of Wyoming now owns 4,138 shares of the company's stock worth $221,000 after acquiring an additional 238 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in NorthWestern Energy Group by 1.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 26,322 shares of the company's stock worth $1,523,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Down 0.3%

Shares of NYSE:NWE traded down $0.16 during mid-day trading on Tuesday, reaching $57.35. The stock had a trading volume of 320,967 shares, compared to its average volume of 472,872. The firm has a market cap of $3.52 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The firm has a 50 day simple moving average of $54.13 and a two-hundred day simple moving average of $54.98. 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 twelve month low of $50.43 and a twelve month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.40 EPS 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%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS 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. Investors 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 dividend yield of 4.6%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 71.93%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NWE. BMO Capital Markets began coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price on the stock. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and issued a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $60.00.

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.