Tower Research Capital LLC TRC Grows Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Tower Research Capital LLC TRC grew its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 272.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,778 shares of the company's stock after acquiring an additional 4,957 shares during the period. Tower Research Capital LLC TRC's holdings in NorthWestern Energy Group were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NWE. AdvisorNet Financial Inc raised its holdings in shares of NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after acquiring an additional 200 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in NorthWestern Energy Group by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company's stock worth $2,736,000 after acquiring an additional 254 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of NorthWestern Energy Group by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company's stock worth $738,000 after purchasing an additional 350 shares during the period. Xponance Inc. increased its position in shares of NorthWestern Energy Group by 5.1% during the 4th quarter. Xponance Inc. now owns 8,729 shares of the company's stock valued at $467,000 after purchasing an additional 421 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in NorthWestern Energy Group by 9.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,754 shares of the company's stock worth $249,000 after buying an additional 422 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

NWE has been the subject of several analyst reports. Wells Fargo & Company raised 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, May 1st. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price for the company in a research report on Wednesday, January 15th. Barclays increased their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $60.25.

NorthWestern Energy Group Stock Up 0.1 %

Shares of NWE traded up $0.07 during midday trading on Tuesday, hitting $58.36. 226,607 shares of the company's stock traded hands, compared to its average volume of 489,406. NorthWestern Energy Group, Inc. has a 1 year low of $48.52 and a 1 year high of $59.89. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The firm's fifty day moving average is $56.72 and its 200-day moving average is $54.78.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, topping the consensus estimate 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 quarter in the prior year, the company earned $1.09 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

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 dividend on an annualized basis and a yield of 4.52%. NorthWestern Energy Group's dividend payout ratio is currently 68.75%.

Insider Buying and Selling

In other NorthWestern Energy Group 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 transaction of $38,132.64. Following the transaction, the director now owns 11,021 shares in the company, valued at approximately $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is owned by corporate insiders.

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.