NorthWestern Energy Group, Inc. (NYSE:NWE) Position Increased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 7,288.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,927 shares of the company's stock after buying an additional 131,128 shares during the quarter. GAMMA Investing LLC owned approximately 0.22% of NorthWestern Energy Group worth $7,692,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NorthWestern Energy Group during the 4th quarter worth $203,000. Pullen Investment Management LLC raised its stake in shares of NorthWestern Energy Group by 46.0% during the 4th quarter. Pullen Investment Management LLC now owns 30,763 shares of the company's stock worth $1,645,000 after buying an additional 9,696 shares during the last quarter. Mackenzie Financial Corp increased its position in NorthWestern Energy Group by 144.1% during the 4th quarter. Mackenzie Financial Corp now owns 10,247 shares of the company's stock worth $548,000 after purchasing an additional 6,049 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in NorthWestern Energy Group by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 136,322 shares of the company's stock worth $7,288,000 after purchasing an additional 11,324 shares in the last quarter. Finally, Voloridge Investment Management LLC increased its position in NorthWestern Energy Group by 166.5% during the 4th quarter. Voloridge Investment Management LLC now owns 87,681 shares of the company's stock worth $4,687,000 after purchasing an additional 54,785 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Trading Down 0.2%

Shares of NYSE:NWE traded down $0.08 during trading on Wednesday, reaching $52.68. 384,432 shares of the stock were exchanged, compared to its average volume of 403,058. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.89. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 2.40 and a beta of 0.37. The firm's 50-day moving average price is $56.13 and its 200 day moving average price is $54.83.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same quarter in the previous year, the company posted $1.09 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's payout ratio is 68.75%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective for the company. Barclays lifted their price objective 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. 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. Finally, 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 report on Thursday, May 1st. 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, the stock currently has an average rating of "Hold" and a consensus price target of $60.00.

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.