NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Acquired by Covestor Ltd

Covestor Ltd increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 67,900.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,720 shares of the company’s stock after acquiring an additional 2,716 shares during the period. Covestor Ltd’s holdings in NorthWestern Energy Group were worth $139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mitsubishi UFJ Trust & Banking Corp acquired a new position in NorthWestern Energy Group in the first quarter worth approximately $28,000. Fidelis Capital Partners LLC acquired a new position in shares of NorthWestern Energy Group in the 1st quarter worth $28,000. Headlands Technologies LLC raised its position in shares of NorthWestern Energy Group by 138.1% during the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock worth $28,000 after purchasing an additional 319 shares during the period. GAMMA Investing LLC purchased a new stake in shares of NorthWestern Energy Group during the fourth quarter valued at $38,000. Finally, CWM LLC boosted its position in shares of NorthWestern Energy Group by 499.5% in the 4th 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 period. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NorthWestern Energy Group

In other news, VP Bobbi L. Schroeppel sold 1,350 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total value of $68,512.50. Following the completion of the transaction, the vice president now owns 31,814 shares in the company, valued at approximately $1,614,560.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other NorthWestern Energy Group news, VP Bobbi L. Schroeppel sold 1,350 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total transaction of $68,512.50. Following the completion of the sale, the vice president now owns 31,814 shares in the company, valued at approximately $1,614,560.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John D. Hines sold 1,565 shares of the stock in a transaction dated Tuesday, May 7th. The shares were 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 directly owns 32,794 shares in the company, valued at approximately $1,677,413.10. The disclosure for this sale can be found here. Insiders have sold a total of 3,602 shares of company stock worth $183,805 over the last 90 days. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Up 1.8 %

Shares of NYSE NWE traded up $0.92 during mid-day trading on Wednesday, reaching $53.02. The company had a trading volume of 106,956 shares, compared to its average volume of 330,459. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.89. NorthWestern Energy Group, Inc. has a twelve month low of $45.97 and a twelve month high of $57.65. The stock’s 50 day moving average is $50.78 and its 200-day moving average is $49.77. The stock has a market capitalization of $3.25 billion, a PE ratio of 16.13 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last issued its 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). NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. During the same period in the previous year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.90%. The ex-dividend date was Friday, June 14th. NorthWestern Energy Group’s payout ratio is 80.50%.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, May 16th. StockNews.com upgraded shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. One 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 stock. Based on data from MarketBeat, NorthWestern Energy Group has an average rating of “Hold” and a consensus target price of $51.86.

NorthWestern Energy Group 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.