Public Employees Retirement System of Ohio Sells 11,718 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Public Employees Retirement System of Ohio lowered its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,862 shares of the company's stock after selling 11,718 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.08% of NorthWestern Energy Group worth $2,719,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NWE. S.A. Mason LLC acquired a new position in NorthWestern Energy Group during the 4th quarter valued at about $30,000. Steward Partners Investment Advisory LLC boosted its stake in NorthWestern Energy Group by 91.9% during 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 boosted its stake in NorthWestern Energy Group by 280.7% during 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 during the last quarter. Asset Management One Co. Ltd. acquired a new position in NorthWestern Energy Group during the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC acquired a new position in NorthWestern Energy Group during the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock traded down $1.16 during trading on Wednesday, hitting $52.75. The stock had a trading volume of 329,904 shares, compared to its average volume of 399,142. NorthWestern Energy Group, Inc. has a 1 year low of $48.52 and a 1 year high of $59.89. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock's 50 day moving average is $56.59 and its two-hundred day moving average is $54.93. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, beating 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 in the prior year, the business earned $1.09 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts predict that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 5.00%. NorthWestern Energy Group's payout ratio is 68.75%.

Analyst Ratings Changes

NWE has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target for the company. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Barclays boosted their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH restated a "neutral" rating and issued a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.