NorthWestern Energy Group, Inc. $NWE Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 35.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,816 shares of the company’s stock after selling 23,946 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of NorthWestern Energy Group worth $2,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in NorthWestern Energy Group during the 2nd quarter worth about $53,000. Costello Asset Management INC boosted its stake in shares of NorthWestern Energy Group by 334.3% in the second quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock worth $66,000 after buying an additional 993 shares during the last quarter. Ransom Advisory Ltd boosted its stake in shares of NorthWestern Energy Group by 800.0% in the second quarter. Ransom Advisory Ltd now owns 1,800 shares of the company’s stock worth $92,000 after buying an additional 1,600 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in NorthWestern Energy Group during the first quarter worth about $116,000. Finally, Kestra Investment Management LLC purchased a new position in NorthWestern Energy Group during the first quarter valued at approximately $129,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NWE shares. Barclays upped their price objective on NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company began coverage on shares of NorthWestern Energy Group in a research note on Monday, October 27th. They issued an “equal weight” rating and a $58.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $58.75.

NorthWestern Energy Group Stock Down 0.2%

NorthWestern Energy Group stock opened at $65.57 on Friday. The stock has a market capitalization of $4.03 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 12 month low of $50.43 and a 12 month high of $69.23. The business has a 50 day simple moving average of $62.53 and a 200-day simple moving average of $57.23. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating 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%.The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.0%. NorthWestern Energy Group’s payout ratio is currently 74.79%.

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.