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

Point72 Asset Management L.P. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in shares of NorthWestern Energy Group by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 772,252 shares of the company's stock worth $41,285,000 after acquiring an additional 21,116 shares during the period. Nomura Holdings Inc. purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth $434,000. Nuveen Asset Management LLC raised its holdings in shares of NorthWestern Energy Group by 24.7% during the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock worth $40,225,000 after acquiring an additional 148,870 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NorthWestern Energy Group by 6.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 301,769 shares of the company's stock worth $16,133,000 after acquiring an additional 17,918 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of NorthWestern Energy Group by 22.8% during the 4th quarter. Deutsche Bank AG now owns 78,814 shares of the company's stock worth $4,213,000 after acquiring an additional 14,613 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. The trade was a 5.99% decrease in their position. The transaction 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NWE shares. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target on the stock. 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. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.21.

NorthWestern Energy Group Trading Up 0.5%

Shares of NYSE:NWE traded up $0.29 during midday trading on Friday, reaching $54.98. 237,416 shares of the company's stock were exchanged, compared to its average volume of 394,544. The firm's 50 day simple moving average is $56.81 and its two-hundred day simple moving average is $54.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. As a group, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, June 13th. 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.