Envestnet Portfolio Solutions Inc. Buys 3,691 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Envestnet Portfolio Solutions Inc. increased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 26.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,496 shares of the company’s stock after buying an additional 3,691 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NorthWestern Energy Group were worth $876,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Retirement Systems of Alabama lifted its holdings in shares of NorthWestern Energy Group by 0.3% during the first quarter. Retirement Systems of Alabama now owns 76,905 shares of the company’s stock valued at $3,917,000 after acquiring an additional 202 shares during the period. Verdence Capital Advisors LLC lifted its holdings in NorthWestern Energy Group by 4.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 5,528 shares of the company’s stock valued at $282,000 after purchasing an additional 217 shares during the last quarter. Xponance Inc. boosted its position in NorthWestern Energy Group by 2.5% in the fourth quarter. Xponance Inc. now owns 8,863 shares of the company’s stock valued at $451,000 after buying an additional 219 shares in the last quarter. State of Michigan Retirement System grew its stake in NorthWestern Energy Group by 2.0% during the first quarter. State of Michigan Retirement System now owns 15,028 shares of the company’s stock worth $765,000 after buying an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of NorthWestern Energy Group by 138.1% in the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent analyst reports. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Mizuho lifted their price target on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Finally, Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.43.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total transaction of $35,720.96. Following the transaction, the director now owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

NorthWestern Energy Group Stock Up 0.5 %

Shares of NYSE:NWE opened at $53.20 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.66. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 16.47 and a beta of 0.45. The company has a 50 day moving average of $51.18 and a 200-day moving average of $50.27. NorthWestern Energy Group, Inc. has a one year low of $45.97 and a one year high of $55.47.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The company had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $310.40 million. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.52 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.89%. NorthWestern Energy Group’s payout ratio is currently 80.50%.

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.