Two Sigma Advisers LP Decreases Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Two Sigma Advisers LP lowered its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,900 shares of the company's stock after selling 11,400 shares during the quarter. Two Sigma Advisers LP owned 0.07% of NorthWestern Energy Group worth $2,293,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. S.A. Mason LLC purchased a new position in shares of NorthWestern Energy Group in the fourth quarter valued at $30,000. Steward Partners Investment Advisory LLC increased its position in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after purchasing an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in NorthWestern Energy Group by 280.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after purchasing an additional 887 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in NorthWestern Energy Group during the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC purchased a new stake in NorthWestern Energy Group during the 4th quarter worth about $92,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Down 2.2%

NWE traded down $1.22 during midday trading on Monday, hitting $54.11. The company's stock had a trading volume of 596,308 shares, compared to its average volume of 397,345. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.32 billion, a P/E ratio of 14.82, a PEG ratio of 2.40 and a beta of 0.40. The firm has a 50-day moving average price of $56.74 and a two-hundred day moving average price of $54.96. NorthWestern Energy Group, Inc. has a 52-week low of $48.52 and a 52-week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 4.88%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NWE. Barclays lifted their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets began 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 for the company. LADENBURG THALM/SH SH reiterated a "neutral" rating and set a $56.00 price objective (down previously from $57.50) on shares of NorthWestern Energy Group in a research report on Monday. Finally, Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.00.

About NorthWestern Energy Group

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.