Nisa Investment Advisors LLC Decreases Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Nisa Investment Advisors LLC trimmed its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,177 shares of the company's stock after selling 5,003 shares during the quarter. Nisa Investment Advisors LLC owned 0.08% of NorthWestern Energy Group worth $2,672,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NWE. Principal Financial Group Inc. lifted its stake in shares of NorthWestern Energy Group by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 181,192 shares of the company's stock worth $10,486,000 after purchasing an additional 7,177 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter worth $626,000. GAMMA Investing LLC lifted its stake in shares of NorthWestern Energy Group by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after purchasing an additional 498 shares during the last quarter. KBC Group NV lifted its stake in shares of NorthWestern Energy Group by 30.6% during the 1st quarter. KBC Group NV now owns 3,266 shares of the company's stock worth $189,000 after purchasing an additional 765 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of NorthWestern Energy Group by 53.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,448 shares of the company's stock worth $431,000 after purchasing an additional 2,610 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of analyst reports. LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Wells Fargo & Company upped 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. BMO Capital Markets started coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price target for the company. Finally, Barclays raised their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.00.

NorthWestern Energy Group Stock Up 0.3%

NYSE NWE traded up $0.17 during trading on Wednesday, hitting $51.75. The company's stock had a trading volume of 373,144 shares, compared to its average volume of 422,322. The business's 50 day simple moving average is $53.33 and its 200-day simple moving average is $54.57. 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 company has a market cap of $3.18 billion, a PE ratio of 14.18, a P/E/G ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $59.89.

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

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

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.