NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 451.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,371 shares of the company's stock after buying an additional 37,963 shares during the period. Federated Hermes Inc. owned approximately 0.08% of NorthWestern Energy Group worth $2,360,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. River Road Asset Management LLC lifted its position in NorthWestern Energy Group by 35.0% in the 4th quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company's stock valued at $110,341,000 after acquiring an additional 562,548 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in shares of NorthWestern Energy Group during the fourth quarter valued at $201,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in NorthWestern Energy Group in the 4th quarter worth about $278,000. Louisiana State Employees Retirement System purchased a new position in NorthWestern Energy Group in the 4th quarter worth about $875,000. Finally, Liberty One Investment Management LLC boosted its holdings in shares of NorthWestern Energy Group by 2.5% during the 4th quarter. Liberty One Investment Management LLC now owns 140,743 shares of the company's stock valued at $7,162,000 after acquiring an additional 3,411 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE traded up $0.93 during mid-day trading on Monday, reaching $50.48. The company's stock had a trading volume of 436,020 shares, compared to its average volume of 397,105. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.76 and a quick ratio of 0.55. NorthWestern Energy Group, Inc. has a 52 week low of $45.97 and a 52 week high of $60.29. The stock has a fifty day moving average of $49.34 and a two-hundred day moving average of $49.51. The firm has a market capitalization of $3.09 billion, a PE ratio of 15.63 and a beta of 0.43.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.30). The business had revenue of $475.30 million during the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a return on equity of 7.36% and a net margin of 13.62%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. As a group, sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.65 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.60 dividend on an annualized basis and a yield of 5.15%. NorthWestern Energy Group's dividend payout ratio is currently 80.50%.

Wall Street Analysts Forecast Growth

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

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.