Voloridge Investment Management LLC Has $4.69 Million Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Voloridge Investment Management LLC lifted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 166.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 87,681 shares of the company's stock after purchasing an additional 54,785 shares during the period. Voloridge Investment Management LLC owned 0.14% of NorthWestern Energy Group worth $4,687,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NWE. Zimmer Partners LP bought a new position in NorthWestern Energy Group in the fourth quarter valued at about $4,330,000. Squarepoint Ops LLC bought a new position in NorthWestern Energy Group in the fourth quarter valued at about $210,000. State of Wyoming boosted its holdings in NorthWestern Energy Group by 6.1% in the fourth quarter. State of Wyoming now owns 4,138 shares of the company's stock valued at $221,000 after acquiring an additional 238 shares during the last quarter. Systematic Financial Management LP boosted its holdings in NorthWestern Energy Group by 3.7% in the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock valued at $59,371,000 after acquiring an additional 40,140 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in NorthWestern Energy Group in the fourth quarter valued at about $2,750,000. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on NWE shares. Barclays raised their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company raised their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets initiated coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.21.

NorthWestern Energy Group Stock Up 0.6%

Shares of NYSE:NWE traded up $0.34 during trading on Friday, hitting $55.39. 403,739 shares of the company were exchanged, compared to its average volume of 396,555. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 15.18, a P/E/G 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. The firm has a fifty day moving average price of $56.74 and a two-hundred day moving average price of $54.96. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (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%. NorthWestern Energy Group's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.77%. NorthWestern Energy Group's dividend payout ratio is presently 68.75%.

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.