Pullen Investment Management LLC Boosts Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Pullen Investment Management LLC increased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 46.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,763 shares of the company's stock after purchasing an additional 9,696 shares during the quarter. Pullen Investment Management LLC owned approximately 0.05% of NorthWestern Energy Group worth $1,645,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NWE. First Trust Advisors LP boosted its holdings in shares of NorthWestern Energy Group by 391.6% in the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock valued at $53,454,000 after buying an additional 796,500 shares in the last quarter. Norges Bank purchased a new position in NorthWestern Energy Group in the fourth quarter worth $40,236,000. Raymond James Financial Inc. purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at $29,978,000. DRW Securities LLC acquired a new stake in shares of NorthWestern Energy Group in the 4th quarter worth $11,275,000. Finally, Nuveen Asset Management LLC boosted its holdings in NorthWestern Energy Group by 24.7% in the fourth 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 in the last quarter. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock traded up $0.31 during midday trading on Friday, hitting $55.36. 111,696 shares of the company were exchanged, compared to its average volume of 394,458. The business has a fifty day simple moving average of $56.72 and a two-hundred day simple moving average of $54.96. 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 capitalization of $3.40 billion, a PE ratio of 15.17, a price-to-earnings-growth 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 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. On average, 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's payout ratio is currently 68.75%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NWE shares. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective on the stock. Barclays upped their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company lifted their price objective 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. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $60.21.

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.