State of Alaska Department of Revenue Buys 480 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

State of Alaska Department of Revenue grew its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.1% during the third quarter, HoldingsChannel reports. The firm owned 7,234 shares of the company’s stock after buying an additional 480 shares during the quarter. State of Alaska Department of Revenue’s holdings in NorthWestern Energy Group were worth $413,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in NorthWestern Energy Group in the third quarter valued at approximately $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of NorthWestern Energy Group in the 1st quarter valued at $28,000. EntryPoint Capital LLC acquired a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $33,000. CWM LLC grew its position in NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after acquiring an additional 579 shares during the last quarter. Finally, nVerses Capital LLC grew its position in NorthWestern Energy Group by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after acquiring an additional 600 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

NWE has been the topic of a number of research reports. Bank of America began coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Company increased their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Mizuho upped their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Finally, StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.

NorthWestern Energy Group Stock Up 1.5 %

NWE stock opened at $54.22 on Friday. The stock’s 50 day simple moving average is $55.31 and its 200 day simple moving average is $52.81. The company has a market cap of $3.32 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $345.20 million for the quarter, compared to analyst estimates 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 EPS. On average, research analysts expect that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is currently 70.08%.

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.