Hsbc Holdings PLC Acquires 4,965 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Hsbc Holdings PLC boosted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 48.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,231 shares of the company's stock after purchasing an additional 4,965 shares during the period. Hsbc Holdings PLC's holdings in NorthWestern Energy Group were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Van Lanschot Kempen Investment Management N.V. bought a new position in shares of NorthWestern Energy Group in the 4th quarter valued at about $5,273,000. Tower Research Capital LLC TRC grew its stake in NorthWestern Energy Group by 272.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,778 shares of the company's stock valued at $362,000 after purchasing an additional 4,957 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of NorthWestern Energy Group by 4.5% during the 4th quarter. MetLife Investment Management LLC now owns 102,415 shares of the company's stock worth $5,475,000 after purchasing an additional 4,453 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of NorthWestern Energy Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company's stock worth $55,248,000 after purchasing an additional 4,544 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of NorthWestern Energy Group by 391.6% in the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock valued at $53,454,000 after buying an additional 796,500 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWE has been the topic of several analyst reports. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price on the stock in a report on Wednesday, January 15th. Barclays lifted their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and a consensus price target of $60.25.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now owns 11,021 shares in the company, valued at $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by insiders.

NorthWestern Energy Group Price Performance

Shares of NWE opened at $58.20 on Monday. The firm has a market cap of $3.57 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a 52 week low of $48.52 and a 52 week high of $59.89. The firm's 50-day simple moving average is $56.65 and its 200 day simple moving average is $54.76.

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, beating the consensus estimate 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.09 EPS. On average, analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.64 annualized dividend and a dividend yield of 4.54%. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 68.75%.

NorthWestern Energy Group 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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