MQS Management LLC Acquires Shares of 3,704 NorthWestern Energy Group, Inc. (NYSE:NWE)

MQS Management LLC acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 3rd quarter, Holdings Channel reports. The firm acquired 3,704 shares of the company’s stock, valued at approximately $212,000.

Other institutional investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in NorthWestern Energy Group during the third quarter valued at $26,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in NorthWestern Energy Group during the first quarter valued at $28,000. EntryPoint Capital LLC bought a new position in NorthWestern Energy Group during the first quarter valued at $33,000. CWM LLC lifted its holdings in shares of NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after acquiring an additional 579 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of NorthWestern Energy Group by 142.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Up 0.6 %

NWE stock opened at $55.19 on Friday. The company has a market capitalization of $3.38 billion, a PE ratio of 14.88, a P/E/G ratio of 2.66 and a beta of 0.47. NorthWestern Energy Group, Inc. has a 12 month low of $46.15 and a 12 month high of $57.48. The firm’s 50-day moving average is $55.37 and its 200 day moving average is $52.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30.

NorthWestern Energy Group (NYSE:NWE) last posted 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 period in the prior year, the business earned $0.49 EPS. On average, research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is 70.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NWE. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Barclays raised their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company raised their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Mizuho raised their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.

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.