XTX Topco Ltd Acquires Shares of 16,441 NorthWestern Energy Group, Inc. (NYSE:NWE)

Key Points

• XTX Topco Ltd acquired 16,441 shares of NorthWestern Energy Group, valued at approximately $951,000 in the first quarter.
• Several hedge funds have increased their holdings in NorthWestern Energy, with First Trust Advisors LP raising its stake by an impressive 391.6% during the fourth quarter.
• The company recently announced a quarterly dividend of $0.66 per share, representing an annualized yield of 4.9% with a payout ratio of 71.93%.

XTX Topco Ltd acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,441 shares of the company's stock, valued at approximately $951,000.

Several other hedge funds have also modified their holdings of NWE. Systematic Financial Management LP boosted its position in NorthWestern Energy Group by 3.7% during the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company's stock worth $59,371,000 after purchasing an additional 40,140 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock valued at $55,248,000 after buying an additional 4,544 shares in the last quarter. First Trust Advisors LP raised its stake in shares of NorthWestern Energy Group by 391.6% during the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after buying an additional 796,500 shares during the period. Invesco Ltd. lifted its position in shares of NorthWestern Energy Group by 9.9% during the 4th quarter. Invesco Ltd. now owns 904,579 shares of the company's stock valued at $48,359,000 after buying an additional 81,852 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of NorthWestern Energy Group by 11.5% during the 4th quarter. Northern Trust Corp now owns 894,163 shares of the company's stock valued at $47,802,000 after buying an additional 91,977 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NWE has been the subject of several recent analyst reports. Barclays boosted their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH reissued a "neutral" rating and set a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a research note on Monday, June 2nd. BMO Capital Markets started 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 target for the company. 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 report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Hold" and a consensus price target of $60.00.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE opened at $53.53 on Friday. The firm has a 50-day simple moving average of $52.51 and a 200-day simple moving average of $54.58. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.40 EPS for the quarter, beating 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%. During the same period in the prior year, the business posted $0.53 earnings per share. The business's revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.9%. NorthWestern Energy Group's payout ratio is 71.93%.

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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