PNC Financial Services Group Inc. Sells 16,041 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

PNC Financial Services Group Inc. cut its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 41.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,743 shares of the company’s stock after selling 16,041 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NorthWestern Energy Group were worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NWE. Headlands Technologies LLC boosted its stake in NorthWestern Energy Group by 138.1% in the 4th quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock valued at $28,000 after purchasing an additional 319 shares during the period. GAMMA Investing LLC bought a new stake in NorthWestern Energy Group in the 4th quarter valued at $38,000. CWM LLC boosted its stake in NorthWestern Energy Group by 499.5% in the 4th quarter. CWM LLC now owns 1,127 shares of the company’s stock valued at $57,000 after purchasing an additional 939 shares during the period. Principal Securities Inc. acquired a new position in NorthWestern Energy Group in the 4th quarter valued at $66,000. Finally, EverSource Wealth Advisors LLC raised its holdings in NorthWestern Energy Group by 2,037.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,667 shares of the company’s stock valued at $85,000 after acquiring an additional 1,589 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 687 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the sale, the director now owns 10,640 shares in the company, valued at approximately $545,832. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the sale, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Britt E. Ide sold 687 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $35,243.10. Following the completion of the sale, the director now owns 10,640 shares in the company, valued at approximately $545,832. The disclosure for this sale can be found here. Insiders have sold 3,602 shares of company stock worth $183,805 in the last 90 days. Insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

NWE has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Mizuho lifted their price objective on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Finally, StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.86.

NorthWestern Energy Group Trading Up 0.1 %

Shares of NWE stock opened at $49.12 on Friday. The firm has a market capitalization of $3.01 billion, a P/E ratio of 15.21 and a beta of 0.45. NorthWestern Energy Group, Inc. has a twelve month low of $45.97 and a twelve month high of $58.79. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $50.72 and its 200 day simple moving average is $49.91.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The firm had revenue of $475.30 million for the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. As a group, sell-side analysts predict that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.60 dividend on an annualized basis and a yield of 5.29%. NorthWestern Energy Group’s dividend payout ratio is currently 80.50%.

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.