NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Raised by KBC Group NV

KBC Group NV lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 38.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,676 shares of the company’s stock after purchasing an additional 465 shares during the period. KBC Group NV’s holdings in NorthWestern Energy Group were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of NWE. V Square Quantitative Management LLC acquired a new position in NorthWestern Energy Group in the 3rd quarter worth approximately $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at $28,000. EntryPoint Capital LLC purchased a new position in shares of NorthWestern Energy Group during the first quarter valued at $33,000. CWM LLC lifted its stake in NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after acquiring an additional 579 shares in the last quarter. 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 period. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $56.75 on Friday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.68 and a beta of 0.47. The business has a 50-day moving average of $55.46 and a two-hundred day moving average of $53.12. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The company had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. During the same quarter last year, the firm posted $0.49 earnings per share. On average, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.65 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 4.58%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Bank of America assumed coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price on the stock. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Mizuho boosted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Barclays increased their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average price target of $57.00.

NorthWestern Energy Group Company 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.