NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Raised by Bokf Na

Bokf Na boosted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 94.8% during the second quarter, HoldingsChannel.com reports. The fund owned 6,087 shares of the company’s stock after acquiring an additional 2,963 shares during the period. Bokf Na’s holdings in NorthWestern Energy Group were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fidelis Capital Partners LLC acquired a new stake in shares of NorthWestern Energy Group during the 1st quarter worth approximately $28,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in NorthWestern Energy Group during the 1st quarter worth $28,000. EntryPoint Capital LLC acquired a new stake in NorthWestern Energy Group in the first quarter worth $33,000. CWM LLC lifted its stake in NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after buying an additional 579 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of NorthWestern Energy Group by 142.9% during the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after acquiring an additional 670 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Bank of America began coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective on the stock. Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Finally, Barclays lifted their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group currently has an average rating of “Hold” and an average price target of $54.88.

Insider Buying and Selling

In other NorthWestern Energy Group 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 value of $35,720.96. Following the transaction, the director now owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Performance

NWE opened at $56.52 on Tuesday. The business has a 50 day moving average price of $53.16 and a two-hundred day moving average price of $51.20. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.50 and a beta of 0.46. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $56.65.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.65 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.60%. 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.