NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 70,483 shares of the company’s stock after purchasing an additional 3,161 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in NorthWestern Energy Group were worth $3,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings 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 acquiring an additional 19,748 shares during the period. State Street Corp lifted its stake in NorthWestern Energy Group by 1.7% in the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company’s stock valued at $143,302,000 after buying an additional 42,104 shares in the last quarter. River Road Asset Management LLC increased its position in shares of NorthWestern Energy Group by 0.7% during the third quarter. River Road Asset Management LLC now owns 2,235,009 shares of the company’s stock worth $127,887,000 after purchasing an additional 14,654 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of NorthWestern Energy Group by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock worth $87,935,000 after buying an additional 35,279 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of NorthWestern Energy Group by 11.8% in the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after buying an additional 113,265 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NWE shares. Mizuho upped their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Barclays upgraded shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $53.00 to $56.00 in a report on Thursday, December 19th. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a 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 objective on the stock. Finally, JPMorgan Chase & Co. raised their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average target price of $57.50.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total value of $384,430.00. Following the sale, the director now directly owns 16,816 shares in the company, valued at $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the sale, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. 0.94% of the stock is owned by corporate insiders.

NorthWestern Energy Group Trading Down 2.6 %

NorthWestern Energy Group stock traded down $1.37 during trading on Monday, hitting $51.77. The company had a trading volume of 164,360 shares, compared to its average volume of 283,927. 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 company’s 50 day simple moving average is $53.80 and its 200-day simple moving average is $53.59. NorthWestern Energy Group, Inc. has a 1-year low of $46.15 and a 1-year high of $57.49. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share (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 firm posted $0.49 EPS. As a group, analysts expect that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.65 per share. The ex-dividend date was Friday, December 13th. This represents a $2.60 annualized dividend and a yield of 5.02%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 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.