Wedge Capital Management L L P NC Has $5.86 Million Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Wedge Capital Management L L P NC decreased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 109,637 shares of the company’s stock after selling 516 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NorthWestern Energy Group were worth $5,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of NWE. Hennessy Advisors Inc. boosted its stake in NorthWestern Energy Group by 2.7% during the fourth quarter. Hennessy Advisors Inc. now owns 18,898 shares of the company’s stock worth $1,010,000 after acquiring an additional 500 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of NorthWestern Energy Group during the 4th quarter worth about $401,000. Accurate Wealth Management LLC acquired a new stake in shares of NorthWestern Energy Group in the 4th quarter valued at about $205,000. AdvisorNet Financial Inc increased its position in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Finally, Oliver Luxxe Assets LLC raised its stake in NorthWestern Energy Group by 4.7% during the 4th quarter. Oliver Luxxe Assets LLC now owns 70,483 shares of the company’s stock worth $3,768,000 after buying an additional 3,161 shares during the period. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Up 0.2 %

NorthWestern Energy Group stock opened at $54.40 on Friday. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The firm’s 50-day simple moving average is $53.56 and its 200 day simple moving average is $53.80. The stock has a market cap of $3.34 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 2.29 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business 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. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.78%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a report on Wednesday. JPMorgan Chase & Co. raised 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 note on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays raised shares of NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and raised their price target for the company from $53.00 to $56.00 in a research report on Thursday, December 19th. Finally, Mizuho boosted their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.50.

Insider Activity

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the transaction, the director now directly owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the sale, the director now directly owns 10,888 shares of the company’s stock, valued at $583,270.16. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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.