International Assets Investment Management LLC Buys 9,670 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

International Assets Investment Management LLC lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 5,622.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,842 shares of the company’s stock after acquiring an additional 9,670 shares during the quarter. International Assets Investment Management LLC’s holdings in NorthWestern Energy Group were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in NorthWestern Energy Group by 128.8% during the first quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock valued at $3,223,000 after buying an additional 35,628 shares during the period. Russell Investments Group Ltd. grew its position in NorthWestern Energy Group by 429.0% during the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock valued at $5,353,000 after buying an additional 85,235 shares during the period. Cetera Investment Advisers grew its position in NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock valued at $1,577,000 after buying an additional 10,185 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in NorthWestern Energy Group during the first quarter valued at approximately $2,862,000. Finally, Cetera Advisors LLC bought a new stake in NorthWestern Energy Group during the first quarter valued at approximately $555,000. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Trading Up 1.2 %

Shares of NWE opened at $53.21 on Wednesday. The company’s fifty day simple moving average is $55.30 and its 200-day simple moving average is $52.77. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The company has a market cap of $3.26 billion, a P/E ratio of 14.34, a P/E/G ratio of 2.54 and a beta of 0.47. NorthWestern Energy Group, Inc. has a twelve month low of $46.15 and a twelve month high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The company had revenue of $345.20 million during the quarter, compared to the consensus estimate of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same quarter in the previous year, the company posted $0.49 earnings per share. As a group, analysts expect that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s payout ratio is presently 70.08%.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the stock in a transaction dated 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 directly owns 10,778 shares in the company, valued at $559,593.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NWE. 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 target for the company. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Barclays upped their price target on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Mizuho upped their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.14.

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.