Picton Mahoney Asset Management Invests $1.17 Million in NorthWestern Energy Group, Inc. (NYSE:NWE)

Key Points

• Picton Mahoney Asset Management acquired 20,206 shares of NorthWestern Energy Group, Inc., valued at approximately $1,170,000, highlighting renewed interest from institutional investors in the company's stock.
• The company reported an EPS of $1.22 for the last quarter, exceeding the consensus estimate by $0.04, despite a revenue decline of 1.8% year-over-year.
• Research analysts have set a consensus target price of $60.00 for NorthWestern Energy Group, with varying ratings from multiple firms indicating cautious optimism for the stock's performance.

Picton Mahoney Asset Management acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,206 shares of the company's stock, valued at approximately $1,170,000.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in 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 last quarter. GAMMA Investing LLC boosted its stake in NorthWestern Energy Group by 27.7% during the first quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock worth $133,000 after buying an additional 498 shares during the period. CWM LLC boosted its stake in NorthWestern Energy Group by 38.0% during the first quarter. CWM LLC now owns 3,055 shares of the company's stock worth $177,000 after buying an additional 842 shares during the period. KBC Group NV boosted its stake in NorthWestern Energy Group by 30.6% during the first quarter. KBC Group NV now owns 3,266 shares of the company's stock worth $189,000 after buying an additional 765 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in NorthWestern Energy Group during the fourth quarter worth about $203,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of research reports. LADENBURG THALM/SH SH restated a "neutral" rating and issued a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price objective for the company. Finally, Barclays lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a 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, the stock has an average rating of "Hold" and an average price target of $60.00.

NorthWestern Energy Group Trading Up 2.6%

NYSE:NWE traded up $1.40 on Monday, reaching $54.93. The company's stock had a trading volume of 186,097 shares, compared to its average volume of 465,046. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year 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. The firm has a market cap of $3.37 billion, a PE ratio of 15.05, a PEG ratio of 2.40 and a beta of 0.35. The business's 50-day moving average price is $52.51 and its two-hundred day moving average price is $54.58.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly 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%. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

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

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.