Prudential Financial Inc. Has $6.48 Million Stock Position in NorthWestern Energy Group, Inc. $NWE

Prudential Financial Inc. boosted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 31.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,402 shares of the company’s stock after acquiring an additional 30,016 shares during the quarter. Prudential Financial Inc. owned approximately 0.21% of NorthWestern Energy Group worth $6,484,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of NorthWestern Energy Group by 0.5% during the second quarter. Geode Capital Management LLC now owns 1,577,465 shares of the company’s stock valued at $80,938,000 after purchasing an additional 7,684 shares during the last quarter. Franklin Resources Inc. lifted its holdings in NorthWestern Energy Group by 0.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,334,017 shares of the company’s stock worth $68,435,000 after buying an additional 11,084 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in NorthWestern Energy Group by 11.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock valued at $57,387,000 after buying an additional 117,449 shares during the last quarter. Systematic Financial Management LP boosted its position in NorthWestern Energy Group by 0.4% in the 1st quarter. Systematic Financial Management LP now owns 1,114,838 shares of the company’s stock valued at $64,516,000 after buying an additional 4,264 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of NorthWestern Energy Group during the first quarter valued at $53,538,000. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Price Performance

Shares of NWE opened at $69.07 on Friday. The stock has a market cap of $4.24 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 2.40 and a beta of 0.42. NorthWestern Energy Group, Inc. has a 1 year low of $50.43 and a 1 year high of $69.23. The stock’s 50-day moving average price is $61.58 and its two-hundred day moving average price is $56.85. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

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

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 74.79%.

Wall Street Analyst Weigh In

A number of analysts recently commented on NWE shares. Barclays lifted 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 initiated coverage on shares of NorthWestern Energy Group in a research report on Monday, October 27th. They set 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $58.75.

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.