Wedge Capital Management L L P NC Has $4.43 Million Holdings in NorthWestern Energy Group, Inc. $NWE

Wedge Capital Management L L P NC trimmed its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,584 shares of the company’s stock after selling 12,222 shares during the quarter. Wedge Capital Management L L P NC’s holdings in NorthWestern Energy Group were worth $4,430,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its holdings in NorthWestern Energy Group by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock valued at $43,000 after purchasing an additional 216 shares in the last quarter. USA Financial Formulas bought a new position in shares of NorthWestern Energy Group in the second quarter valued at about $53,000. Costello Asset Management INC grew its holdings in NorthWestern Energy Group by 334.3% during the 2nd quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock worth $66,000 after acquiring an additional 993 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in NorthWestern Energy Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,624 shares of the company’s stock valued at $83,000 after acquiring an additional 493 shares in the last quarter. Finally, Ransom Advisory Ltd raised 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 acquiring an additional 1,600 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE opened at $63.94 on Tuesday. The company has a fifty day moving average price of $64.23 and a 200 day moving average price of $58.12. The firm has a market cap of $3.93 billion, a PE ratio of 17.52, a PEG ratio of 2.40 and a beta of 0.35. 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, Inc. has a 1-year low of $50.46 and a 1-year high of $69.23.

NorthWestern Energy Group (NYSE:NWE) last announced 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 net margin of 14.81% and a return on equity of 7.40%. NorthWestern Energy Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Research analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share 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. Shareholders of record on Monday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 74.79%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays increased 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 note on Tuesday, October 21st. JPMorgan Chase & Co. increased their price objective on NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Finally, Wells Fargo & Company started coverage on NorthWestern Energy Group in a research report on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, NorthWestern Energy Group currently has an average rating of “Hold” and an average price target of $59.20.

NorthWestern Energy Group Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.