Thrivent Financial for Lutherans Has $21 Million Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Thrivent Financial for Lutherans cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 367,034 shares of the company’s stock after selling 4,936 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.60% of NorthWestern Energy Group worth $21,002,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in NorthWestern Energy Group during the third quarter worth $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of NorthWestern Energy Group in the 1st quarter worth about $28,000. EntryPoint Capital LLC acquired a new position in shares of NorthWestern Energy Group in the 1st quarter valued at about $33,000. CWM LLC boosted its position in shares of NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after purchasing an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in NorthWestern Energy Group by 142.9% during the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 670 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NWE shares. Wells Fargo & Company lifted their price objective 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. Barclays upped their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Bank of America assumed coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $57.00.

NorthWestern Energy Group Trading Down 0.2 %

NYSE NWE opened at $55.57 on Thursday. 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 business has a fifty day simple moving average of $55.42 and a 200 day simple moving average of $53.08. NorthWestern Energy Group, Inc. has a 12 month low of $46.15 and a 12 month high of $57.48. The firm has a market capitalization of $3.41 billion, a P/E ratio of 15.00, a PEG ratio of 2.66 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is presently 70.08%.

NorthWestern Energy Group Company 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.