Voloridge Investment Management LLC Acquires 54,785 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Voloridge Investment Management LLC increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 166.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,681 shares of the company's stock after purchasing an additional 54,785 shares during the quarter. Voloridge Investment Management LLC owned 0.14% of NorthWestern Energy Group worth $4,687,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Barclays PLC lifted its stake in NorthWestern Energy Group by 204.7% during the third quarter. Barclays PLC now owns 110,571 shares of the company's stock worth $6,327,000 after purchasing an additional 74,278 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of NorthWestern Energy Group by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company's stock worth $738,000 after buying an additional 350 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in NorthWestern Energy Group by 15.1% in the fourth quarter. First Citizens Bank & Trust Co. now owns 4,616 shares of the company's stock valued at $247,000 after buying an additional 605 shares in the last quarter. KBC Group NV grew its position in NorthWestern Energy Group by 49.2% in the fourth quarter. KBC Group NV now owns 2,501 shares of the company's stock valued at $134,000 after acquiring an additional 825 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of NorthWestern Energy Group by 0.9% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,740 shares of the company's stock worth $3,354,000 after acquiring an additional 535 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Trading Up 0.5%

NYSE:NWE traded up $0.28 during trading hours on Friday, hitting $55.33. 399,960 shares of the company were exchanged, compared to its average volume of 464,595. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $59.89. The company has a fifty day simple moving average of $56.72 and a 200 day simple moving average 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 issued its quarterly earnings data 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 firm's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Sell-side analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of 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. Barclays boosted their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company increased their price target 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, NorthWestern Energy Group has a consensus rating of "Moderate Buy" and a consensus price target of $60.21.

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.