Martingale Asset Management L P Raises Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Martingale Asset Management L P lifted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 5.6% during the third quarter, Holdings Channel reports. The institutional investor owned 46,441 shares of the company’s stock after purchasing an additional 2,460 shares during the quarter. Martingale Asset Management L P’s holdings in NorthWestern Energy Group were worth $2,657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of NorthWestern Energy Group by 17.0% during the 3rd quarter. FMR LLC now owns 759,804 shares of the company’s stock worth $43,476,000 after purchasing an additional 110,461 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 worth $19,840,000 after buying an additional 105,845 shares in the last quarter. Dimensional Fund Advisors LP grew its position in NorthWestern Energy Group by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after buying an additional 61,216 shares during the period. Meritage Portfolio Management grew its position in NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after buying an additional 56,330 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in NorthWestern Energy Group by 600.3% in the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock valued at $2,479,000 after buying an additional 42,479 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $55.24 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The company has a market cap of $3.39 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.64 and a beta of 0.47. The company has a 50-day simple moving average of $55.34 and a 200-day simple moving average of $53.30. NorthWestern Energy Group, Inc. has a 12 month low of $46.15 and a 12 month high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly 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 net margin of 15.15% and a return on equity of 7.95%. The business 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 analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 4.71%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s payout ratio is 70.08%.

Analyst Ratings Changes

A number of research firms recently weighed in on NWE. Barclays upped their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Mizuho lifted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Bank of America began coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective on the stock. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, NorthWestern Energy Group currently has an average rating of “Hold” and an average price target of $57.00.

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.