MQS Management LLC acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,704 shares of the company’s stock, valued at approximately $212,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in NorthWestern Energy Group during the third quarter valued at approximately $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in NorthWestern Energy Group during the first quarter valued at approximately $28,000. EntryPoint Capital LLC purchased a new stake in NorthWestern Energy Group during the first quarter valued at approximately $33,000. CWM LLC increased its holdings in NorthWestern Energy Group by 140.2% during the second quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after buying an additional 579 shares during the last quarter. Finally, nVerses Capital LLC increased its holdings in NorthWestern Energy Group by 150.0% during the third quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after buying an additional 600 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.
NorthWestern Energy Group Price Performance
Shares of NYSE:NWE opened at $55.19 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. The firm has a fifty day moving average price of $55.37 and a 200 day moving average price of $52.95. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.48. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 2.66 and a beta of 0.47.
NorthWestern Energy Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.71%. NorthWestern Energy Group’s dividend payout ratio is 70.08%.
Analyst Ratings Changes
NWE has been the subject of a number of research reports. Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of 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, Wells Fargo & Company increased their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $57.00.
Check Out Our Latest Research Report on NWE
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.
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