NorthWestern Energy Group, Inc. (NYSE:NWE) VP Bobbi L. Schroeppel Sells 1,350 Shares

NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) VP Bobbi L. Schroeppel sold 1,350 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total transaction of $68,512.50. Following the completion of the transaction, the vice president now directly owns 31,814 shares of the company's stock, valued at $1,614,560.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NorthWestern Energy Group Stock Up 0.8 %

Shares of NWE stock traded up $0.41 on Wednesday, hitting $50.85. 291,554 shares of the stock were exchanged, compared to its average volume of 395,353. The company has a current ratio of 0.89, a quick ratio of 0.55 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $3.12 billion, a P/E ratio of 15.25 and a beta of 0.43. NorthWestern Energy Group, Inc. has a fifty-two week low of $45.97 and a fifty-two week high of $60.29. The business has a 50-day moving average of $49.37 and a 200 day moving average of $49.52.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.30). The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. Equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date of this dividend is Friday, June 14th. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 80.50%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NWE. Guggenheim raised NorthWestern Energy Group from a "sell" rating to a "neutral" rating and set a $47.00 price target on the stock in a research note on Monday, January 22nd. KeyCorp reissued a "sector weight" rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. Barclays boosted their price objective on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an "underweight" rating in a report on Monday, January 22nd. StockNews.com upgraded shares of NorthWestern Energy Group from a "sell" rating to a "hold" rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a "neutral" rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $51.71.

Institutional Investors Weigh In On NorthWestern Energy Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System acquired a new stake in shares of NorthWestern Energy Group in the 4th quarter valued at approximately $875,000. Swiss National Bank lifted its stake in NorthWestern Energy Group by 1.0% in the third quarter. Swiss National Bank now owns 131,383 shares of the company's stock valued at $6,314,000 after acquiring an additional 1,300 shares during the last quarter. Federated Hermes Inc. grew its position in shares of NorthWestern Energy Group by 451.5% in the 4th quarter. Federated Hermes Inc. now owns 46,371 shares of the company's stock valued at $2,360,000 after acquiring an additional 37,963 shares during the period. PNC Financial Services Group Inc. grew its position in shares of NorthWestern Energy Group by 48.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 38,784 shares of the company's stock valued at $1,864,000 after acquiring an additional 12,718 shares during the period. Finally, Wedge Capital Management L L P NC increased its stake in shares of NorthWestern Energy Group by 9.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 163,424 shares of the company's stock worth $8,317,000 after purchasing an additional 13,659 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.