GW&K Investment Management LLC trimmed its stake in NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 605,265 shares of the company’s stock after selling 17,370 shares during the period. GW&K Investment Management LLC’s holdings in NorthWestern Energy Group were worth $35,475,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in NWE. Clearstead Advisors LLC raised its holdings in NorthWestern Energy Group by 1,220.0% in the third quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of NorthWestern Energy Group by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after acquiring an additional 216 shares in the last quarter. Hantz Financial Services Inc. lifted its position in NorthWestern Energy Group by 299.5% during the third quarter. Hantz Financial Services Inc. now owns 803 shares of the company’s stock valued at $47,000 after acquiring an additional 602 shares during the last quarter. Rothschild Investment LLC boosted its stake in NorthWestern Energy Group by 838.4% in the third quarter. Rothschild Investment LLC now owns 807 shares of the company’s stock valued at $47,000 after acquiring an additional 721 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in NorthWestern Energy Group by 96.8% in the third quarter. Farther Finance Advisors LLC now owns 982 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.
NorthWestern Energy Group Stock Down 1.9%
NorthWestern Energy Group stock opened at $70.34 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The business’s 50-day simple moving average is $67.82 and its two-hundred day simple moving average is $63.53. The company has a market cap of $4.32 billion, a PE ratio of 19.27, a PEG ratio of 2.40 and a beta of 0.33. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $72.21.
NorthWestern Energy Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, March 13th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.66. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 91.16%.
Analyst Ratings Changes
Several brokerages have recently commented on NWE. Barclays increased their price objective on NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. BMO Capital Markets increased their price target on NorthWestern Energy Group from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company decreased their price objective on shares of NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.20.
Read Our Latest Analysis on NorthWestern Energy Group
NorthWestern Energy Group Company Profile
NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.
NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.
See Also
- Five stocks we like better than NorthWestern Energy Group
- Silver Is the New Oil—And the World’s Running Dry
- BNZI stands out as a Zacks Buy. Earnings momentum and analyst upgrades align
- What happened in Cyprus could be coming here
- Elon Musk’s $1 Quadrillion AI IPO
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
Want to see what other hedge funds are holding NWE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report).
Receive News & Ratings for NorthWestern Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.
