NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Holdings Lifted by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 269,411 shares of the company’s stock after acquiring an additional 11,422 shares during the period. Empower Advisory Group LLC’s holdings in NorthWestern Energy Group were worth $15,416,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NWE. Envestnet Portfolio Solutions Inc. increased its position in shares of NorthWestern Energy Group by 33.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 13,805 shares of the company’s stock worth $703,000 after acquiring an additional 3,468 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of NorthWestern Energy Group in the first quarter worth approximately $310,000. Oppenheimer Asset Management Inc. purchased a new position in NorthWestern Energy Group during the first quarter valued at approximately $271,000. Russell Investments Group Ltd. grew its position in NorthWestern Energy Group by 429.0% during the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock valued at $5,353,000 after purchasing an additional 85,235 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in NorthWestern Energy Group by 9.3% during the first quarter. Orion Portfolio Solutions LLC now owns 31,674 shares of the company’s stock valued at $1,613,000 after purchasing an additional 2,684 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Performance

NWE stock opened at $55.27 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 2.66 and a beta of 0.47. NorthWestern Energy Group, Inc. has a 12 month low of $46.15 and a 12 month high of $57.48. The firm has a 50 day moving average of $55.34 and a two-hundred day moving average of $52.92.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Monday, October 28th. The company reported $0.65 EPS 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 business had revenue of $345.20 million during the quarter, compared to the consensus estimate of $344.06 million. During the same period in the prior year, the firm earned $0.49 earnings per share. As a group, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company 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. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s payout ratio is 70.08%.

Analyst Ratings Changes

NWE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective 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. Barclays boosted their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Wells Fargo & Company boosted their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Mizuho boosted their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average target price 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.