Massachusetts Financial Services Co. MA Has $56.37 Million Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Massachusetts Financial Services Co. MA reduced its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,125,546 shares of the company’s stock after selling 20,286 shares during the period. Massachusetts Financial Services Co. MA’s holdings in NorthWestern Energy Group were worth $56,367,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Retirement Systems of Alabama grew its stake in shares of NorthWestern Energy Group by 0.3% in 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 in the last quarter. Verdence Capital Advisors LLC raised its holdings in NorthWestern Energy Group by 4.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 5,528 shares of the company’s stock valued at $282,000 after buying an additional 217 shares during the last quarter. State of Michigan Retirement System raised its holdings in NorthWestern Energy Group by 2.0% in the 1st quarter. State of Michigan Retirement System now owns 15,028 shares of the company’s stock valued at $765,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its holdings in NorthWestern Energy Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock valued at $859,000 after buying an additional 323 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in NorthWestern Energy Group during the 1st quarter valued at approximately $28,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price 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. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. Bank of America initiated coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Barclays raised their price objective 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 assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $54.88.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the transaction, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

NorthWestern Energy Group Trading Up 0.5 %

Shares of NWE opened at $56.85 on Friday. The business has a 50-day moving average of $53.59 and a 200 day moving average of $51.33. NorthWestern Energy Group, Inc. has a fifty-two week low of $45.97 and a fifty-two week high of $57.14. The firm has a market cap of $3.48 billion, a P/E ratio of 17.60 and a beta of 0.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.52.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 EPS. As a group, research analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current year.

NorthWestern Energy Group Announces Dividend

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 issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, September 13th. NorthWestern Energy Group’s payout ratio is 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.