NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Lifted by Westwood Holdings Group Inc.

Key Points

• Westwood Holdings Group Inc. increased its holdings in NorthWestern Energy Group by 13.2%, owning over 1 million shares worth approximately $57.9 million as of the last SEC filing.
• The stock decreased by 0.3% recently, with a current trading value of $54.53 and a market capitalization of $3.35 billion.
• NorthWestern Energy Group announced a quarterly dividend of $0.66 per share, with a yield of 4.8%, scheduled for payment on September 30th.

Westwood Holdings Group Inc. lifted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,001,201 shares of the company's stock after purchasing an additional 117,087 shares during the quarter. Westwood Holdings Group Inc. owned 1.63% of NorthWestern Energy Group worth $57,940,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NWE. Farther Finance Advisors LLC raised 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 during the period. GAMMA Investing LLC boosted 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 acquiring an additional 498 shares in the last quarter. CWM LLC boosted its stake in shares of NorthWestern Energy Group by 38.0% during the 1st quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after acquiring an additional 842 shares in the last quarter. KBC Group NV boosted 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 acquiring an additional 765 shares in the last quarter. Finally, Thoroughbred Financial Services LLC bought a new stake in NorthWestern Energy Group during the 1st quarter valued at approximately $200,000. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Down 0.3%

NYSE NWE opened at $54.53 on Wednesday. The stock has a fifty day moving average of $52.49 and a 200-day moving average of $54.59. The stock has a market capitalization of $3.35 billion, a P/E ratio of 14.94, a price-to-earnings-growth 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 debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its 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 return on equity of 7.40% and a net margin of 14.81%. NorthWestern Energy Group's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, September 15th. This represents a $2.64 annualized dividend and a yield of 4.8%. NorthWestern Energy Group's payout ratio is currently 71.93%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 target price for the company. Wells Fargo & Company raised 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. LADENBURG THALM/SH SH reiterated a "neutral" rating and issued 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, Barclays raised 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $60.00.

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.

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