Voya Investment Management LLC Purchases 79,992 Shares of NorthWestern Energy Group, Inc. $NWE

Key Points

• Voya Investment Management LLC increased its stake in NorthWestern Energy Group by 38.2%, owning 289,229 shares valued at approximately $16.7 million after adding 79,992 shares in the first quarter.
• The company reported a quarterly earnings per share (EPS) of $0.40, which exceeded the consensus estimate of $0.38, and has set its FY 2025 EPS guidance between $3.530 and $3.650.
• NorthWestern Energy recently announced a quarterly dividend of $0.66 per share, with a payout ratio of 71.93% and a dividend yield of 4.7%.

Voya Investment Management LLC increased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 38.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,229 shares of the company's stock after acquiring an additional 79,992 shares during the period. Voya Investment Management LLC owned about 0.47% of NorthWestern Energy Group worth $16,738,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of NWE. Systematic Financial Management LP raised its stake in NorthWestern Energy Group by 0.4% during the 1st quarter. Systematic Financial Management LP now owns 1,114,838 shares of the company's stock worth $64,516,000 after buying an additional 4,264 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of NorthWestern Energy Group by 13.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company's stock valued at $57,940,000 after purchasing an additional 117,087 shares during the period. Nuveen LLC acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at about $53,538,000. Nuveen Asset Management LLC raised its stake in shares of NorthWestern Energy Group by 24.7% in the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company's stock valued at $40,225,000 after purchasing an additional 148,870 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of NorthWestern Energy Group by 38.9% in the 1st quarter. AQR Capital Management LLC now owns 583,063 shares of the company's stock valued at $33,482,000 after purchasing an additional 163,147 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH reissued a "neutral" rating and issued a $56.00 price target (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Hold" and an average price target of $59.17.

NorthWestern Energy Group Price Performance

NWE traded down $0.36 during trading on Friday, hitting $56.08. 930,246 shares of the stock traded hands, compared to its average volume of 466,865. NorthWestern Energy Group, Inc. has a twelve month low of $50.43 and a twelve month high of $59.89. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The business has a 50 day moving average price of $55.38 and a 200 day moving average price of $55.19.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.53 EPS. NorthWestern Energy Group has set its FY 2025 guidance at 3.530-3.650 EPS. Equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, September 15th. NorthWestern Energy Group's payout ratio is presently 71.93%.

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.