NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Lowered by Dean Investment Associates LLC

Dean Investment Associates LLC decreased its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 36.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,137 shares of the company’s stock after selling 44,415 shares during the quarter. Dean Investment Associates LLC’s holdings in NorthWestern Energy Group were worth $4,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of NWE. Arizona State Retirement System lifted its stake in NorthWestern Energy Group by 1.9% during the second quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock valued at $859,000 after purchasing an additional 323 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of NorthWestern Energy Group by 4.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after acquiring an additional 359 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in shares of NorthWestern Energy Group by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after purchasing an additional 375 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of NorthWestern Energy Group in the 3rd quarter valued at $26,000. Finally, KBC Group NV lifted its stake in NorthWestern Energy Group by 38.4% during the third quarter. KBC Group NV now owns 1,676 shares of the company’s stock valued at $96,000 after buying an additional 465 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Down 0.7 %

NWE opened at $53.43 on Friday. The firm has a market cap of $3.28 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.60 and a beta of 0.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The business has a 50 day moving average price of $55.04 and a 200 day moving average price of $53.35. NorthWestern Energy Group, Inc. has a twelve month low of $46.15 and a twelve month high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last posted 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). The firm had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. During the same quarter in the previous year, the business posted $0.49 earnings per share. Research analysts forecast that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.87%. NorthWestern Energy Group’s payout ratio is 70.08%.

Analyst Ratings Changes

NWE has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America began coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. Mizuho upped their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One equities research 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $57.00.

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.