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NorthWestern Energy Group, Inc. (NYSE:NWE) Given Consensus Rating of "Moderate Buy" by Brokerages

NorthWestern Energy Group logo with Utilities background

Shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $60.21.

Several brokerages have recently issued reports on NWE. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Barclays lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, BMO Capital Markets initiated coverage on shares of NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price target for the company.

Get Our Latest Analysis on NWE

Institutional Trading of NorthWestern Energy Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. S.A. Mason LLC acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter worth approximately $30,000. Farther Finance Advisors LLC raised its position in NorthWestern Energy Group by 155.3% during the first quarter. Farther Finance Advisors LLC now owns 845 shares of the company's stock valued at $49,000 after acquiring an additional 514 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of NorthWestern Energy Group by 91.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after buying an additional 465 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in NorthWestern Energy Group by 280.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after acquiring an additional 887 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of NorthWestern Energy Group during the fourth quarter valued at about $73,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Up 0.3%

Shares of NYSE NWE traded up $0.14 during midday trading on Friday, reaching $54.64. 22,536 shares of the company's stock traded hands, compared to its average volume of 393,871. NorthWestern Energy Group has a one year low of $48.52 and a one year high of $59.89. The stock's 50 day simple moving average is $56.73 and its 200-day simple moving average is $54.96. 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 company has a market cap of $3.35 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 2.40 and a beta of 0.40.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, topping 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%. The company's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.09 earnings per share. On average, analysts predict that NorthWestern Energy Group will post 3.63 EPS for the current fiscal 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 issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.83%. NorthWestern Energy Group's payout ratio is 68.75%.

NorthWestern Energy Group Company Profile

(Get Free Report

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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