NorthWestern Energy Group, Inc. (NYSE:NWE) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,536,518 shares of the company’s stock after buying an additional 35,279 shares during the period. Geode Capital Management LLC owned 2.51% of NorthWestern Energy Group worth $87,935,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meritage Portfolio Management raised its position in shares of NorthWestern Energy Group by 1,218.2% during the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after buying an additional 56,330 shares in the last quarter. Systematic Financial Management LP raised its stake in shares of NorthWestern Energy Group by 11.8% in the 3rd 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. XTX Topco Ltd acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at $631,000. Federated Hermes Inc. boosted its stake in NorthWestern Energy Group by 58.2% during the second quarter. Federated Hermes Inc. now owns 75,032 shares of the company’s stock valued at $3,758,000 after buying an additional 27,601 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in NorthWestern Energy Group by 600.3% during the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock worth $2,479,000 after acquiring an additional 42,479 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Trading Up 4.1 %

NYSE:NWE opened at $52.50 on Friday. The stock’s 50-day moving average is $54.35 and its two-hundred day moving average is $53.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The stock has a market cap of $3.22 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 2.45 and a beta of 0.48. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $344.06 million. During the same quarter in the prior year, the company posted $0.49 EPS. As a group, equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.95%. NorthWestern Energy Group’s dividend payout ratio is 70.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NWE shares. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price 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 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. Barclays raised NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and upped their price target for the company from $53.00 to $56.00 in a report on Thursday. Finally, Mizuho raised their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $57.50.

Insider Activity at NorthWestern Energy Group

In other news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This represents a 30.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Britt E. Ide sold 700 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.94% 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.