Nuveen LLC Takes Position in NorthWestern Energy Group, Inc. $NWE

Key Points

• Nuveen LLC invested approximately $53.54 million in NorthWestern Energy Group, acquiring 925,135 shares, representing 1.51% ownership of the company.
• NorthWestern Energy recently reported earnings per share of $0.40, exceeding estimates, and announced a quarterly dividend of $0.66 per share, indicating a 4.7% dividend yield.
• Institutional investors hold a significant 96.07% of NorthWestern Energy's stock, reflecting strong interest from the investment community.

Nuveen LLC bought a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 925,135 shares of the company's stock, valued at approximately $53,538,000. Nuveen LLC owned about 1.51% of NorthWestern Energy Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in NorthWestern Energy Group by 155.3% in the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after acquiring an additional 514 shares during the last quarter. GAMMA Investing LLC boosted its stake in NorthWestern Energy Group by 27.7% in the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock valued at $133,000 after acquiring an additional 498 shares during the last quarter. CWM LLC boosted its stake in NorthWestern Energy Group by 38.0% in the first quarter. CWM LLC now owns 3,055 shares of the company's stock valued at $177,000 after acquiring an additional 842 shares during the last quarter. KBC Group NV boosted its stake in NorthWestern Energy Group by 30.6% in the first quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after acquiring an additional 765 shares during the last quarter. Finally, Thoroughbred Financial Services LLC purchased a new position in NorthWestern Energy Group in the first quarter valued at about $200,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock traded up $3.1160 during midday trading on Tuesday, reaching $58.0460. 517,466 shares of the stock were exchanged, compared to its average volume of 461,791. The company's fifty day moving average is $52.80 and its 200-day moving average is $54.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The firm has a market cap of $3.56 billion, a PE ratio of 15.91, a PEG 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.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The firm's revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's dividend payout ratio is 71.93%.

Analyst Ratings Changes

NWE has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Barclays upped their price target on shares of 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, BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target on the stock. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" 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.