Raymond James Financial Inc. Trims Holdings in NorthWestern Energy Group, Inc. $NWE

Key Points

• Raymond James Financial Inc. reduced its holdings in NorthWestern Energy Group by 1.0%, owning 555,022 shares valued at approximately $32.12 million after selling 5,749 shares in the first quarter.
• NorthWestern Energy Group reported a quarterly earnings per share (EPS) of $0.40, exceeding analysts' expectations, and achieved a revenue increase of 7.1% year-over-year.
• The company announced a quarterly dividend of $0.66 per share, representing an annualized yield of 4.5%, with a payout ratio of 71.93%.

Raymond James Financial Inc. lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 555,022 shares of the company's stock after selling 5,749 shares during the period. Raymond James Financial Inc. owned about 0.90% of NorthWestern Energy Group worth $32,118,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in NorthWestern Energy Group by 155.3% during the 1st quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after purchasing an additional 514 shares during the period. GAMMA Investing LLC increased its holdings in NorthWestern Energy Group by 27.7% during the 1st quarter. GAMMA Investing LLC now owns 2,297 shares of the company's stock valued at $133,000 after purchasing an additional 498 shares during the period. CWM LLC increased its holdings in NorthWestern Energy Group by 38.0% during the 1st quarter. CWM LLC now owns 3,055 shares of the company's stock valued at $177,000 after purchasing an additional 842 shares during the period. KBC Group NV increased its holdings in NorthWestern Energy Group by 30.6% during the 1st quarter. KBC Group NV now owns 3,266 shares of the company's stock valued at $189,000 after purchasing an additional 765 shares during the period. Finally, Thoroughbred Financial Services LLC purchased a new position in NorthWestern Energy Group during the 1st quarter valued at about $200,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock opened at $58.48 on Friday. The stock's 50 day simple moving average is $53.23 and its two-hundred day simple moving average is $54.78. 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 stock has a market cap of $3.59 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.43 and a fifty-two week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.40 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same period in the previous year, the company posted $0.53 EPS. The business's revenue was up 7.1% on a year-over-year basis. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. As a group, analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's payout ratio is currently 71.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NWE shares. LADENBURG THALM/SH SH restated a "neutral" rating and set a $56.00 price target (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" 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.

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