SteelPeak Wealth LLC Purchases New Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

SteelPeak Wealth LLC acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,481 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors have also recently added to or reduced their stakes in NWE. Norges Bank acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter worth about $34,257,000. River Road Asset Management LLC lifted its holdings 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 worth $110,341,000 after purchasing an additional 562,548 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in NorthWestern Energy Group by 27.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 968,054 shares of the company’s stock worth $49,264,000 after purchasing an additional 208,326 shares during the period. Vanguard Group Inc. grew its holdings in NorthWestern Energy Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock valued at $345,049,000 after purchasing an additional 187,619 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of NorthWestern Energy Group by 39.8% in the first quarter. Raymond James & Associates now owns 469,120 shares of the company’s stock valued at $23,892,000 after purchasing an additional 133,486 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by insiders.

NorthWestern Energy Group Trading Up 0.6 %

Shares of NYSE:NWE traded up $0.33 during midday trading on Thursday, hitting $52.93. The company had a trading volume of 214,373 shares, compared to its average volume of 334,405. The firm has a fifty day simple moving average of $51.09 and a 200 day simple moving average of $50.19. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 16.28 and a beta of 0.45. The company has a current ratio of 0.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group, Inc. has a 12 month low of $45.97 and a 12 month high of $55.47.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.52 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.65 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.91%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Mizuho raised their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, Barclays upped their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group has a consensus rating of “Hold” and an average price target of $53.43.

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.