Russell Investments Group Ltd. Buys 67,823 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Russell Investments Group Ltd. increased its stake in NorthWestern Energy Group by 52.9%, acquiring an additional 67,823 shares to own a total of 196,144 shares, valued at approximately $11.35 million.
• Brokerage firms have raised their price targets for NorthWestern Energy Group, with Wells Fargo setting a new target of $64.00 and maintaining an "overweight" rating.
• NorthWestern Energy Group recently declared a quarterly dividend of $0.66 per share, with a projected annual yield of 4.8%.

Russell Investments Group Ltd. lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 52.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,144 shares of the company's stock after buying an additional 67,823 shares during the quarter. Russell Investments Group Ltd. owned about 0.32% of NorthWestern Energy Group worth $11,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nuveen LLC purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at about $53,538,000. Aigen Investment Management LP purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at about $283,000. Entropy Technologies LP purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at about $278,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of NorthWestern Energy Group by 249.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,201 shares of the company's stock valued at $2,384,000 after buying an additional 29,404 shares during the period. Finally, Maryland State Retirement & Pension System increased its position in shares of NorthWestern Energy Group by 2.8% during the first quarter. Maryland State Retirement & Pension System now owns 52,011 shares of the company's stock valued at $3,010,000 after buying an additional 1,435 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

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

NorthWestern Energy Group Stock Up 2.5%

Shares of NYSE NWE traded up $1.41 during midday trading on Friday, hitting $58.48. The stock had a trading volume of 518,758 shares, compared to its average volume of 479,521. The business's 50 day moving average is $53.23 and its 200-day moving average is $54.78. The company has a market cap of $3.59 billion, a P/E ratio of 16.02, a PEG ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week 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.

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

NorthWestern Energy Group Announces Dividend

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

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.