Advisors Asset Management Inc. Buys 17,983 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Advisors Asset Management Inc. boosted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 27.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,822 shares of the company’s stock after purchasing an additional 17,983 shares during the period. Advisors Asset Management Inc. owned approximately 0.14% of NorthWestern Energy Group worth $4,796,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NWE. V Square Quantitative Management LLC bought a new stake in NorthWestern Energy Group in the 3rd quarter worth approximately $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $28,000. EntryPoint Capital LLC bought a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $33,000. Quest Partners LLC bought a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at $45,000. Finally, CWM LLC grew 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 acquiring an additional 579 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NWE. Wells Fargo & Company boosted 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 report on Wednesday, October 16th. Barclays boosted their price objective on shares of 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 price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.00.

NorthWestern Energy Group Stock Up 1.4 %

NWE opened at $56.36 on Friday. 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. The firm’s fifty day moving average is $55.44 and its 200 day moving average is $53.10. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 2.68 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly 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). The company had revenue of $345.20 million during the quarter, compared to analysts’ expectations 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 firm earned $0.49 EPS. On average, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.61%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s payout ratio is currently 70.08%.

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.