Y Intercept Hong Kong Ltd Invests $2.47 Million in NorthWestern Energy Group, Inc. $NWE

Y Intercept Hong Kong Ltd acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 48,192 shares of the company’s stock, valued at approximately $2,472,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of NorthWestern Energy Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Systematic Financial Management LP increased 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 in the last quarter. Westwood Holdings Group Inc. increased its position in NorthWestern Energy Group by 13.2% in the 1st 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 in the last quarter. Nuveen LLC bought a new stake in NorthWestern Energy Group in the 1st quarter valued at about $53,538,000. AQR Capital Management LLC increased its position in NorthWestern Energy Group by 38.9% in the 1st 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 in the last quarter. Finally, Voya Investment Management LLC increased its position in NorthWestern Energy Group by 38.2% in the 1st quarter. Voya Investment Management LLC now owns 289,229 shares of the company’s stock valued at $16,738,000 after buying an additional 79,992 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on NorthWestern Energy Group in a research report on Monday. They issued an “equal weight” rating and a $58.00 target price for the company. Barclays boosted their target price on 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group currently has a consensus rating of “Hold” and a consensus target price of $58.75.

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $60.00 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a 50 day moving average price of $58.20 and a two-hundred day moving average price of $55.78. The firm has a market capitalization of $3.68 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.40 and a beta of 0.39. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $62.43.

NorthWestern Energy Group (NYSE:NWE) last issued 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 company posted $0.65 earnings per share. Equities analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm 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 $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s payout ratio is presently 71.93%.

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.