Oliver Luxxe Assets LLC Buys 17,364 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Oliver Luxxe Assets LLC lifted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 34.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 67,322 shares of the company’s stock after purchasing an additional 17,364 shares during the quarter. Oliver Luxxe Assets LLC owned about 0.11% of NorthWestern Energy Group worth $3,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in shares of NorthWestern Energy Group in the 1st quarter valued at approximately $28,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of NorthWestern Energy Group in the 1st quarter valued at approximately $28,000. EntryPoint Capital LLC acquired a new position in shares of NorthWestern Energy Group in the 1st quarter valued at approximately $33,000. CWM LLC grew its position in shares of NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after purchasing an additional 579 shares during the period. Finally, GAMMA Investing LLC boosted its position in NorthWestern Energy Group by 142.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after acquiring an additional 670 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on NWE. Bank of America began coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Mizuho upped their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Wells Fargo & Company upped their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Barclays upped their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Finally, StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average target price of $55.38.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the sale, the director now directly owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by insiders.

NorthWestern Energy Group Stock Up 1.1 %

NWE stock opened at $55.11 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 2.51 and a beta of 0.46. The business’s fifty day moving average price is $54.61 and its two-hundred day moving average price is $52.15. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data 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. The firm had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. On average, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.54 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

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.