NorthWestern Energy Group, Inc. $NWE Stock Holdings Decreased by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 45.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,999 shares of the company’s stock after selling 60,200 shares during the quarter. First Eagle Investment Management LLC owned about 0.12% of NorthWestern Energy Group worth $3,745,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NWE. Bank of New York Mellon Corp lifted its holdings in NorthWestern Energy Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 873,172 shares of the company’s stock worth $44,794,000 after acquiring an additional 7,365 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of NorthWestern Energy Group by 43.9% in the second quarter. Atria Investments Inc now owns 11,097 shares of the company’s stock valued at $569,000 after buying an additional 3,388 shares during the period. Retirement Systems of Alabama boosted its position in shares of NorthWestern Energy Group by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 75,020 shares of the company’s stock valued at $3,849,000 after purchasing an additional 376 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in NorthWestern Energy Group by 4.9% during the second quarter. Teacher Retirement System of Texas now owns 32,585 shares of the company’s stock worth $1,672,000 after buying an additional 1,532 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of NorthWestern Energy Group in the 2nd quarter worth $2,472,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on NWE. Barclays upped their price target 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. Wells Fargo & Company assumed coverage on NorthWestern Energy Group in a research note on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NorthWestern Energy Group has a consensus rating of “Hold” and an average target price of $58.75.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $65.02 on Friday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.40 and a beta of 0.42. 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, Inc. has a 52-week low of $50.43 and a 52-week high of $65.69. The company’s fifty day moving average is $58.66 and its two-hundred day moving average is $55.92.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, October 30th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued 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 4.1%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 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.