Charles Schwab Investment Management Inc. Acquires 19,542 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Charles Schwab Investment Management Inc. raised its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 848,294 shares of the company’s stock after buying an additional 19,542 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NorthWestern Energy Group were worth $48,539,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NWE. AQR Capital Management LLC increased its stake in NorthWestern Energy Group by 36.4% during the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock valued at $19,840,000 after acquiring an additional 105,845 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of NorthWestern Energy Group by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock valued at $51,467,000 after buying an additional 61,216 shares in the last quarter. Meritage Portfolio Management raised its position in NorthWestern Energy Group by 1,218.2% in the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after purchasing an additional 56,330 shares in the last quarter. Hsbc Holdings PLC lifted its stake in NorthWestern Energy Group by 600.3% during the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock worth $2,479,000 after purchasing an additional 42,479 shares during the period. Finally, Inspire Advisors LLC bought a new stake in shares of NorthWestern Energy Group in the 2nd quarter valued at approximately $1,688,000. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Trading Up 1.0 %

NWE opened at $55.24 on Monday. NorthWestern Energy Group, Inc. has a 1-year low of $46.15 and a 1-year high of $57.49. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $55.34 and a two-hundred day moving average price of $53.31. The stock has a market capitalization of $3.39 billion, a PE ratio of 14.89, a PEG ratio of 2.66 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last released its earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The business had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 70.08%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays raised their target price 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. Bank of America assumed coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Company lifted their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho upped their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.