NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Acquired by Mackenzie Financial Corp

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% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,785 shares of the company's stock after purchasing an additional 12,538 shares during the quarter. Mackenzie Financial Corp's holdings in NorthWestern Energy Group were worth $1,319,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC lifted its position 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 worth $49,000 after purchasing an additional 514 shares in the last quarter. GAMMA Investing LLC lifted its position 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 worth $133,000 after purchasing an additional 498 shares in the last quarter. CWM LLC lifted its position 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 worth $177,000 after purchasing an additional 842 shares in the last quarter. KBC Group NV lifted its position 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 worth $189,000 after purchasing an additional 765 shares in the last quarter. Finally, HF Advisory Group LLC acquired a new stake in shares of NorthWestern Energy Group during the first quarter worth about $207,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analyst Weigh In

NWE has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Barclays upped their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. 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. Finally, LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 target price (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Hold" and a consensus price target of $60.00.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $54.70 on Tuesday. The firm has a market capitalization of $3.36 billion, a P/E ratio of 14.99, a P/E/G ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $59.89. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The firm's 50 day moving average is $52.51 and its two-hundred day moving average is $54.58.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating 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%. NorthWestern Energy Group's revenue was up 7.1% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Research analysts forecast 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. Shareholders of record on Monday, September 15th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio is currently 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.

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