Point72 Asset Management L.P. Takes $2.75 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Point72 Asset Management L.P. purchased a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 51,434 shares of the company's stock, valued at approximately $2,750,000. Point72 Asset Management L.P. owned approximately 0.08% of NorthWestern Energy Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. S.A. Mason LLC purchased a new position in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $30,000. Steward Partners Investment Advisory LLC raised its stake in NorthWestern Energy Group by 91.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock valued at $52,000 after purchasing an additional 465 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in NorthWestern Energy Group by 280.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in NorthWestern Energy Group in the 4th quarter valued at $73,000. Finally, Venturi Wealth Management LLC acquired a new stake in NorthWestern Energy Group during the 4th quarter worth $92,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on NWE. Wells Fargo & Company raised their price target 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. BMO Capital Markets started 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 boosted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and a consensus price target of $60.21.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares in the company, valued at $598,660.72. This trade represents a 5.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by corporate insiders.

NorthWestern Energy Group Trading Up 0.5%

Shares of NorthWestern Energy Group stock traded up $0.29 during mid-day trading on Monday, hitting $54.98. The stock had a trading volume of 237,416 shares, compared to its average volume of 395,390. The firm has a 50-day moving average of $56.79 and a two-hundred day moving average of $54.95. The firm has a market cap of $3.37 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. 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, Inc. has a 12-month low of $48.52 and a 12-month high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 earnings per share 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%. During the same period last year, the business earned $1.09 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.80%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 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.