Wedge Capital Management L L P NC Has $5.22 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Wedge Capital Management L L P NC reduced its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 17.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,188 shares of the company's stock after selling 19,449 shares during the period. Wedge Capital Management L L P NC owned 0.15% of NorthWestern Energy Group worth $5,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State of Wyoming increased its stake in shares of NorthWestern Energy Group by 6.1% during the 4th quarter. State of Wyoming now owns 4,138 shares of the company's stock worth $221,000 after purchasing an additional 238 shares during the last quarter. Xponance Inc. increased its stake in shares of NorthWestern Energy Group by 5.1% during the 4th quarter. Xponance Inc. now owns 8,729 shares of the company's stock worth $467,000 after purchasing an additional 421 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of NorthWestern Energy Group by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,754 shares of the company's stock worth $249,000 after purchasing an additional 422 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of 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 during the last quarter. Finally, Zacks Investment Management increased its stake in shares of NorthWestern Energy Group by 12.2% during the 4th quarter. Zacks Investment Management now owns 4,865 shares of the company's stock worth $260,000 after purchasing an additional 528 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $52.43 on Monday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 2.40 and a beta of 0.37. 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 firm has a 50 day simple moving average of $56.37 and a 200 day simple moving average of $54.87. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced 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 net margin of 14.81% and a return on equity of 7.40%. During the same period in the previous year, the company posted $1.09 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

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 given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 68.75%.

Wall Street Analyst Weigh In

NWE has been the topic of several recent analyst reports. LADENBURG THALM/SH SH restated 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. Wells Fargo & Company boosted their price objective on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective on the stock. Finally, Barclays boosted their price objective 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $60.00.

NorthWestern Energy Group Company 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.

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