Jump Financial LLC Purchases Shares of 4,375 NorthWestern Energy Group, Inc. (NYSE:NWE)

Jump Financial LLC purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,375 shares of the company's stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in NorthWestern Energy Group during the 4th quarter worth $40,236,000. Raymond James Financial Inc. acquired a new stake in shares of NorthWestern Energy Group during the fourth quarter worth $29,978,000. DRW Securities LLC bought a new stake in NorthWestern Energy Group in the fourth quarter valued at about $11,275,000. River Road Asset Management LLC boosted its stake in NorthWestern Energy Group by 6.1% during the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock worth $126,803,000 after acquiring an additional 136,922 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in NorthWestern Energy Group by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock valued at $47,369,000 after purchasing an additional 135,611 shares during the period. 96.07% of the stock is owned by institutional investors.

Insider Activity at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Stock Down 0.6 %

Shares of NWE traded down $0.37 during mid-day trading on Friday, hitting $57.83. 65,109 shares of the company's stock were exchanged, compared to its average volume of 383,662. 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 52 week low of $48.52 and a 52 week high of $60.06. The company has a market cap of $3.55 billion, a PE ratio of 15.85, a P/E/G ratio of 2.40 and a beta of 0.33. The company has a 50-day simple moving average of $56.58 and a 200 day simple moving average of $54.78.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates 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 prior year, the company earned $1.09 earnings per share. The company's revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.57%. NorthWestern Energy Group's payout ratio is presently 72.33%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on NWE shares. Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a report on Thursday. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target for the company in a report on Wednesday, January 15th. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.25.

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.