ClearAlpha Technologies LP Buys Shares of 25,340 NorthWestern Energy Group, Inc. (NYSE:NWE)

ClearAlpha Technologies LP bought a new position in NorthWestern Energy Group, Inc. (NYSE:NWE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,340 shares of the company’s stock, valued at approximately $1,450,000.

Other hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its stake in shares of NorthWestern Energy Group by 0.5% during the 2nd quarter. American Century Companies Inc. now owns 3,968,413 shares of the company’s stock worth $198,738,000 after acquiring an additional 19,748 shares in the last quarter. River Road Asset Management LLC increased its position in NorthWestern Energy Group by 0.7% during the 3rd quarter. River Road Asset Management LLC now owns 2,235,009 shares of the company’s stock valued at $127,887,000 after buying an additional 14,654 shares in the last quarter. Victory Capital Management Inc. raised its stake in NorthWestern Energy Group by 0.9% in the second quarter. Victory Capital Management Inc. now owns 2,128,539 shares of the company’s stock valued at $106,597,000 after buying an additional 19,369 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in NorthWestern Energy Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after acquiring an additional 61,216 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in NorthWestern Energy Group by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 849,064 shares of the company’s stock worth $42,521,000 after acquiring an additional 12,091 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Price Performance

NYSE:NWE opened at $55.24 on Monday. The firm’s fifty day moving average is $55.34 and its two-hundred day moving average is $53.31. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 2.66 and a beta of 0.47. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year 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.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share 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 company had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter in the prior year, the business posted $0.49 earnings per share. Research analysts expect that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is currently 70.08%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Bank of America began coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price target for the company. 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 report on Wednesday, October 16th. 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. Finally, Barclays boosted their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $57.00.

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.