SG Americas Securities LLC Buys Shares of 10,823 NorthWestern Energy Group, Inc. (NYSE:NWE)

SG Americas Securities LLC purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 10,823 shares of the company's stock, valued at approximately $626,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP lifted its stake in NorthWestern Energy Group by 391.6% in the fourth 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 during the last quarter. Norges Bank acquired a new position in shares of NorthWestern Energy Group in the 4th quarter valued at $40,236,000. Raymond James Financial Inc. acquired a new position in shares of NorthWestern Energy Group in the 4th quarter valued at $29,978,000. DRW Securities LLC purchased a new stake in NorthWestern Energy Group in the 4th quarter valued at $11,275,000. Finally, Nuveen Asset Management LLC boosted its stake in NorthWestern Energy Group by 24.7% during the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock worth $40,225,000 after purchasing an additional 148,870 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

NYSE:NWE traded down $1.17 during mid-day trading on Wednesday, reaching $50.80. The stock had a trading volume of 527,072 shares, compared to its average volume of 412,602. 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 $3.12 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 2.40 and a beta of 0.37. NorthWestern Energy Group, Inc. has a twelve month low of $48.52 and a twelve month high of $59.89. The business has a 50 day simple moving average of $55.28 and a 200 day simple moving average of $54.61.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, topping 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%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.09 earnings per share. On average, 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 firm 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 5.20%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 68.75%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. BMO Capital Markets assumed coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 price objective on the stock. Barclays boosted their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. LADENBURG THALM/SH SH reaffirmed a "neutral" rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Finally, Wells Fargo & Company lifted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $60.00.

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.