ProShare Advisors LLC Raises Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

ProShare Advisors LLC grew its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 797,125 shares of the company’s stock after buying an additional 13,753 shares during the period. ProShare Advisors LLC owned approximately 1.30% of NorthWestern Energy Group worth $40,598,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NWE. Headlands Technologies LLC raised its holdings in NorthWestern Energy Group by 138.1% in the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock worth $28,000 after buying an additional 319 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at approximately $28,000. GAMMA Investing LLC purchased a new position in shares of NorthWestern Energy Group during the fourth quarter valued at approximately $38,000. CWM LLC raised its holdings in shares of NorthWestern Energy Group by 499.5% during the fourth quarter. CWM LLC now owns 1,127 shares of the company’s stock valued at $57,000 after purchasing an additional 939 shares during the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of NorthWestern Energy Group during the fourth quarter valued at approximately $66,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the sale, the vice president now owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the completion of the transaction, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Britt E. Ide sold 687 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $35,243.10. Following the transaction, the director now owns 10,640 shares of the company’s stock, valued at approximately $545,832. The disclosure for this sale can be found here. Insiders have sold a total of 3,602 shares of company stock valued at $183,805 in the last quarter. 0.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

NWE has been the subject of several research reports. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Mizuho boosted their price objective on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. boosted their price objective 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 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.86.

NorthWestern Energy Group Price Performance

Shares of NWE stock traded up $0.95 on Wednesday, hitting $53.67. 198,856 shares of the stock traded hands, compared to its average volume of 332,403. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66. NorthWestern Energy Group, Inc. has a 52 week low of $45.97 and a 52 week high of $58.38. The firm has a 50 day simple moving average of $50.64 and a two-hundred day simple moving average of $49.70. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 16.32 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, April 25th. The company reported $1.09 EPS 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 analysts’ expectations of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. NorthWestern Energy Group’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. As a group, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date was Friday, June 14th. NorthWestern Energy Group’s payout ratio is 80.50%.

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.