Zimmer Partners LP Invests $4.33 Million in NorthWestern Energy Group, Inc. (NYSE:NWE)

Zimmer Partners LP bought a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 81,000 shares of the company's stock, valued at approximately $4,330,000. Zimmer Partners LP owned about 0.13% of NorthWestern Energy Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. S.A. Mason LLC acquired a new stake in NorthWestern Energy Group during the 4th quarter valued at $30,000. Steward Partners Investment Advisory LLC grew its holdings in shares of NorthWestern Energy Group by 91.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock valued at $52,000 after buying an additional 465 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in NorthWestern Energy Group by 280.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after buying an additional 887 shares during the period. Asset Management One Co. Ltd. purchased a new stake in NorthWestern Energy Group in the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC acquired a new stake in NorthWestern Energy Group during the 4th quarter worth about $92,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NWE. Wells Fargo & Company upped their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. BMO Capital Markets initiated 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 on the stock. Finally, Barclays upped their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $60.21.

Insider Activity

In other news, Director Britt E. Ide sold 702 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.

NorthWestern Energy Group Stock Up 0.5%

NYSE:NWE traded up $0.29 during mid-day trading on Monday, reaching $54.98. The stock had a trading volume of 237,416 shares, compared to its average volume of 395,390. The stock has a market cap of $3.37 billion, a P/E ratio of 15.06, a PEG ratio of 2.40 and a beta of 0.40. The business's 50 day moving average is $56.79 and its 200 day moving average is $54.95. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.89.

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

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a dividend yield of 4.80%. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 68.75%.

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.