Connor Clark & Lunn Investment Management Ltd. Has $2.38 Million Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in NorthWestern Energy Group by 249.2%, owning 41,201 shares worth $2.38 million after purchasing 29,404 shares in the first quarter.
• NorthWestern Energy Group has a current average price target of $60.00, with ratings ranging from "hold" to "overweight" from various analysts, including increases from Wells Fargo and Barclays.
• The company recently declared a quarterly dividend of $0.66 per share, reflecting a 4.8% yield, with a payout ratio of 71.93% and an expectation to post 3.63 EPS for the year.

Connor Clark & Lunn Investment Management Ltd. grew its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 249.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,201 shares of the company's stock after purchasing an additional 29,404 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of NorthWestern Energy Group worth $2,384,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NWE. Systematic Financial Management LP increased its holdings in shares of NorthWestern Energy Group by 3.7% during the 4th quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock valued at $59,371,000 after acquiring an additional 40,140 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock worth $55,248,000 after purchasing an additional 4,544 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of 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 worth $57,940,000 after buying an additional 117,087 shares during the period. First Trust Advisors LP lifted its position in shares of NorthWestern Energy Group by 391.6% during the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after buying an additional 796,500 shares during the period. Finally, Northern Trust Corp lifted its position in shares of NorthWestern Energy Group by 11.5% during the 4th quarter. Northern Trust Corp now owns 894,163 shares of the company's stock worth $47,802,000 after buying an additional 91,977 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on NWE. BMO Capital Markets started coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price objective for the company. Wells Fargo & Company lifted their price objective on 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 boosted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH reissued a "neutral" rating and issued a $56.00 target price (down 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 stock. According to data from MarketBeat.com, NorthWestern Energy Group has an average rating of "Moderate Buy" and a consensus target price of $60.00.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock traded up $3.29 on Tuesday, hitting $58.22. The stock had a trading volume of 417,798 shares, compared to its average volume of 460,773. NorthWestern Energy Group, Inc. has a twelve month low of $50.43 and a twelve month high of $59.89. The business's 50 day moving average is $52.80 and its two-hundred day moving average is $54.67. 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 stock has a market cap of $3.57 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio is presently 71.93%.

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.