NorthWestern Energy Group, Inc. $NWE Shares Purchased by Atria Investments Inc

Atria Investments Inc lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 43.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,097 shares of the company’s stock after acquiring an additional 3,388 shares during the period. Atria Investments Inc’s holdings in NorthWestern Energy Group were worth $569,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in shares of NorthWestern Energy Group during the first quarter valued at approximately $53,538,000. Jane Street Group LLC increased its position in shares of NorthWestern Energy Group by 1,549.9% during the 1st quarter. Jane Street Group LLC now owns 243,070 shares of the company’s stock valued at $14,066,000 after purchasing an additional 228,338 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of NorthWestern Energy Group in the 1st quarter worth $9,899,000. AQR Capital Management LLC lifted its holdings in shares of NorthWestern Energy Group by 38.9% in the first quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock valued at $33,482,000 after buying an additional 163,147 shares during the period. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of NorthWestern Energy Group by 13.2% in the first quarter. Westwood Holdings Group Inc. now owns 1,001,201 shares of the company’s stock valued at $57,940,000 after buying an additional 117,087 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company initiated coverage on NorthWestern Energy Group in a report on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price on the stock. Barclays raised their price objective on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.75.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $65.02 on Monday. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $65.69. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.99 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.42. The business has a fifty day simple moving average of $58.66 and a 200-day simple moving average of $55.90.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.NorthWestern Energy Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. On average, sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s payout ratio is currently 74.79%.

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.