Amalgamated Bank Lowers Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Amalgamated Bank lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,466 shares of the company’s stock after selling 2,321 shares during the quarter. Amalgamated Bank’s holdings in NorthWestern Energy Group were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of NorthWestern Energy Group in the 3rd quarter worth about $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of NorthWestern Energy Group in the 1st quarter worth about $28,000. EntryPoint Capital LLC bought a new stake in NorthWestern Energy Group in the 1st quarter worth about $33,000. CWM LLC increased its holdings 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 buying an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in NorthWestern Energy Group by 142.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after buying an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays lifted 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. 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 price objective for the company. Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Mizuho lifted their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of “Hold” and an average price target of $57.00.

NorthWestern Energy Group Trading Up 0.4 %

NorthWestern Energy Group stock opened at $55.19 on Wednesday. The business has a 50-day simple moving average of $55.32 and a two-hundred day simple moving average of $52.88. The company has a market cap of $3.38 billion, a P/E ratio of 14.82, a P/E/G ratio of 2.61 and a beta of 0.47. NorthWestern Energy Group, Inc. has a 52-week low of $46.15 and a 52-week high of $57.48. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data 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 company had revenue of $345.20 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.49 earnings per share. Analysts predict that NorthWestern Energy Group, Inc. will post 3.38 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. Investors of record on Friday, December 13th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.71%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

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.