ProShare Advisors LLC Has $41.29 Million Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

ProShare Advisors LLC lifted its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 772,252 shares of the company's stock after buying an additional 21,116 shares during the quarter. ProShare Advisors LLC owned about 1.26% of NorthWestern Energy Group worth $41,285,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC acquired a new position in shares of NorthWestern Energy Group during the 4th quarter valued at about $30,000. AdvisorNet Financial Inc grew its holdings in NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position 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 valued at $52,000 after purchasing an additional 465 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of NorthWestern Energy Group by 280.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter worth $73,000. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE traded down $0.21 during mid-day trading on Tuesday, hitting $56.31. The company had a trading volume of 319,421 shares, compared to its average volume of 478,357. NorthWestern Energy Group, Inc. has a 12 month low of $48.52 and a 12 month high of $59.89. The firm has a market cap of $3.46 billion, a P/E ratio of 15.43, a PEG ratio of 2.40 and a beta of 0.40. The business's 50-day simple moving average is $56.84 and its 200-day simple moving average is $54.90. 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 (NYSE:NWE - Get Free Report) last posted its quarterly 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%. During the same period in the previous year, the business posted $1.09 earnings per share. The business's revenue was down 1.8% on a year-over-year basis. As a group, analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given 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 4.69%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 68.75%.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 702 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares of the company's stock, valued at approximately $598,660.72. This represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. BMO Capital Markets started coverage on shares of NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a "market perform" rating and a $60.00 target price on the stock. Barclays raised their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Wells Fargo & Company boosted their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $60.21.

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.