Naples Global Advisors LLC Lowers Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Naples Global Advisors LLC trimmed its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.8% during the second quarter, Holdings Channel.com reports. The fund owned 24,080 shares of the company’s stock after selling 1,215 shares during the quarter. Naples Global Advisors LLC’s holdings in NorthWestern Energy Group were worth $1,206,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NWE. Retirement Systems of Alabama increased its position 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 worth $3,917,000 after purchasing an additional 202 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of NorthWestern Energy Group by 4.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 5,528 shares of the company’s stock worth $282,000 after buying an additional 217 shares during the last quarter. Xponance Inc. raised its position in shares of NorthWestern Energy Group by 2.5% during the 4th quarter. Xponance Inc. now owns 8,863 shares of the company’s stock valued at $451,000 after buying an additional 219 shares in the last quarter. State of Michigan Retirement System lifted its holdings in shares of NorthWestern Energy Group by 2.0% during the 1st quarter. State of Michigan Retirement System now owns 15,028 shares of the company’s stock worth $765,000 after acquiring an additional 300 shares during the last quarter. Finally, Headlands Technologies LLC grew its position in NorthWestern Energy Group by 138.1% in the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock worth $28,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the sale, the director now directly owns 10,778 shares in the company, valued at approximately $559,593.76. The sale was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by corporate insiders.

NorthWestern Energy Group Trading Up 0.5 %

Shares of NYSE:NWE traded up $0.27 during trading on Friday, reaching $53.20. 190,166 shares of the company traded hands, compared to its average volume of 333,492. The company has a current ratio of 0.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group, Inc. has a 52-week low of $45.97 and a 52-week high of $55.47. The business’s fifty day moving average is $51.18 and its 200-day moving average is $50.24. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 16.47 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results 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. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The business had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $310.40 million. During the same quarter in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, analysts forecast that NorthWestern Energy Group, Inc. will post 3.52 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.89%. NorthWestern Energy Group’s dividend payout ratio is presently 80.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays raised their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Mizuho boosted their target price on NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Wells Fargo & Company increased their price target 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. Finally, StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, NorthWestern Energy Group presently has an average rating of “Hold” and a consensus price target of $53.43.

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.