Pullen Investment Management LLC Purchases 9,696 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Pullen Investment Management LLC increased its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 46.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,763 shares of the company's stock after purchasing an additional 9,696 shares during the period. Pullen Investment Management LLC owned 0.05% of NorthWestern Energy Group worth $1,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. S.A. Mason LLC purchased a new stake in NorthWestern Energy Group in the fourth quarter worth $30,000. Steward Partners Investment Advisory LLC grew its stake in NorthWestern Energy Group by 91.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after purchasing an additional 465 shares during the period. EverSource Wealth Advisors LLC grew its stake in NorthWestern Energy Group by 280.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after purchasing an additional 887 shares during the period. Asset Management One Co. Ltd. purchased a new stake in NorthWestern Energy Group in the fourth quarter worth $73,000. Finally, Venturi Wealth Management LLC purchased a new stake in NorthWestern Energy Group in the fourth quarter worth $92,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Performance

Shares of NYSE:NWE traded down $1.19 during midday trading on Wednesday, reaching $54.50. 291,387 shares of the company's stock traded hands, compared to its average volume of 395,309. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $59.89. The stock has a 50 day moving average of $56.75 and a 200 day moving average of $54.96.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the prior year, the company earned $1.09 EPS. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities research analysts anticipate 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 issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio is 68.75%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target 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. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price on the stock. Finally, Barclays increased 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

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.