Teacher Retirement System of Texas Cuts Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Teacher Retirement System of Texas decreased its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,053 shares of the company's stock after selling 15,846 shares during the period. Teacher Retirement System of Texas owned 0.05% of NorthWestern Energy Group worth $1,797,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in NWE. Farther Finance Advisors LLC raised its position in NorthWestern Energy Group by 155.3% in the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock worth $49,000 after acquiring an additional 514 shares during the period. Steward Partners Investment Advisory LLC raised its position in NorthWestern Energy Group by 91.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after acquiring an additional 465 shares during the period. EverSource Wealth Advisors LLC raised its position in NorthWestern Energy Group by 280.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after acquiring an additional 887 shares during the period. Quantbot Technologies LP bought a new stake in NorthWestern Energy Group in the fourth quarter worth about $115,000. Finally, GAMMA Investing LLC raised its position in NorthWestern Energy Group by 27.7% in the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after acquiring an additional 498 shares during the period. Institutional investors own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price for the company. Wells Fargo & Company lifted 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 lifted 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. Finally, LADENBURG THALM/SH SH reiterated a "neutral" rating and issued a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, NorthWestern Energy Group presently has an average rating of "Hold" and an average price target of $60.00.

NorthWestern Energy Group Price Performance

NYSE:NWE traded up $0.07 during mid-day trading on Monday, hitting $52.53. 309,505 shares of the stock traded hands, compared to its average volume of 421,613. The business's 50-day moving average price is $53.46 and its 200 day moving average price is $54.59. The company has a market cap of $3.22 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 12-month low of $50.43 and a 12-month 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.

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

NorthWestern Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 5.03%. NorthWestern Energy Group's dividend payout ratio is currently 68.75%.

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.