Mackenzie Financial Corp Has $1.32 Million Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Key Points

• Mackenzie Financial Corp increased its holdings in NorthWestern Energy Group by 122.4% in the first quarter, owning 22,785 shares valued at approximately $1.3 million.
• NorthWestern Energy Group's quarterly earnings were reported at $0.40 EPS, exceeding the consensus estimate of $0.38, with a year-over-year revenue growth of 7.1%.
• The company has declared a quarterly dividend of $0.66, which translates to an annualized dividend of $2.64, offering a yield of 4.8%.

Mackenzie Financial Corp lifted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 122.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,785 shares of the company's stock after buying an additional 12,538 shares during the period. Mackenzie Financial Corp's holdings in NorthWestern Energy Group were worth $1,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Farther Finance Advisors LLC raised its stake in NorthWestern Energy Group by 155.3% during the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after acquiring an additional 514 shares in the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 498 shares during the period. CWM LLC raised its stake in shares of NorthWestern Energy Group by 38.0% during the first quarter. CWM LLC now owns 3,055 shares of the company's stock valued at $177,000 after purchasing an additional 842 shares in the last quarter. KBC Group NV raised its stake in shares of NorthWestern Energy Group by 30.6% during the first quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after purchasing an additional 765 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in NorthWestern Energy Group in the fourth quarter worth about $203,000. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Price Performance

Shares of NWE traded down $0.13 during mid-day trading on Friday, hitting $55.24. The company's stock had a trading volume of 102,298 shares, compared to its average volume of 464,700. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The firm has a 50-day moving average price of $52.50 and a 200 day moving average price of $54.60. 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 $3.39 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 2.40 and a beta of 0.35.

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 for the quarter, topping 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. 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 business also recently declared 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 dividend on an annualized basis and a yield of 4.8%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 71.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 target price on the stock. LADENBURG THALM/SH SH reiterated a "neutral" rating and issued a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Barclays upped their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Hold" and a consensus target price of $60.00.

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.