Pullen Investment Management LLC Acquires 2,865 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Pullen Investment Management LLC increased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 15.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,067 shares of the company’s stock after purchasing an additional 2,865 shares during the period. Pullen Investment Management LLC’s holdings in NorthWestern Energy Group were worth $1,205,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of NorthWestern Energy Group by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock valued at $345,049,000 after acquiring an additional 187,619 shares in the last quarter. American Century Companies Inc. increased its stake in NorthWestern Energy Group by 0.5% in the second quarter. American Century Companies Inc. now owns 3,968,413 shares of the company’s stock valued at $198,738,000 after purchasing an additional 19,748 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of NorthWestern Energy Group by 0.9% during the second quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company’s stock valued at $106,597,000 after purchasing an additional 19,369 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of NorthWestern Energy Group by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after purchasing an additional 61,216 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of NorthWestern Energy Group by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 849,064 shares of the company’s stock valued at $42,521,000 after buying an additional 12,091 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the completion of the transaction, the director now directly owns 10,778 shares in the company, valued at approximately $559,593.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

NWE has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Barclays boosted 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. Wells Fargo & Company raised 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. Finally, Bank of America initiated coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.14.

NorthWestern Energy Group Stock Down 1.1 %

Shares of NYSE NWE opened at $54.48 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 15.88, a P/E/G ratio of 2.53 and a beta of 0.46. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.48. The business’s fifty day moving average price is $55.31 and its 200-day moving average price is $52.51.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. During the same quarter last year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.54 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.77%. NorthWestern Energy Group’s dividend payout ratio is currently 75.80%.

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.