JPMorgan Chase & Co. reduced its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 1.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,152,053 shares of the company’s stock after selling 27,680 shares during the quarter. JPMorgan Chase & Co.’s holdings in NorthWestern Energy Group were worth $103,428,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth approximately $33,000. Steward Partners Investment Advisory LLC grew its position in shares of NorthWestern Energy Group by 47.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 736 shares of the company’s stock worth $44,000 after buying an additional 236 shares during the last quarter. Spirit of America Management Corp NY grew its position in shares of NorthWestern Energy Group by 33.3% in the 3rd quarter. Spirit of America Management Corp NY now owns 1,000 shares of the company’s stock worth $48,000 after buying an additional 250 shares during the last quarter. Tucker Asset Management LLC grew its position in shares of NorthWestern Energy Group by 105.7% in the 2nd quarter. Tucker Asset Management LLC now owns 1,413 shares of the company’s stock worth $80,000 after buying an additional 726 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of NorthWestern Energy Group by 79.7% in the 1st quarter. Captrust Financial Advisors now owns 1,612 shares of the company’s stock worth $98,000 after buying an additional 715 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.
NorthWestern Energy Group Trading Down 0.7 %
NYSE NWE opened at $49.62 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The stock’s 50 day moving average is $48.64 and its 200 day moving average is $49.60. NorthWestern Energy Group, Inc. has a twelve month low of $45.97 and a twelve month high of $61.24. The firm has a market capitalization of $3.04 billion, a PE ratio of 15.41, a P/E/G ratio of 2.72 and a beta of 0.42.
NorthWestern Energy Group (NYSE:NWE – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.19 by $0.19. NorthWestern Energy Group had a return on equity of 7.29% and a net margin of 13.64%. The business had revenue of $356.00 million for the quarter, compared to the consensus estimate of $443.27 million. During the same period in the previous year, the company posted $1.13 earnings per share. Research analysts forecast that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.
NorthWestern Energy Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 5.24%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, March 14th. NorthWestern Energy Group’s payout ratio is 79.50%.
Wall Street Analysts Forecast Growth
NWE has been the topic of a number of recent analyst reports. Barclays lifted their price objective on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, January 22nd. KeyCorp restated a “sector weight” rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. Finally, Guggenheim upgraded NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price target on the stock in a research report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.38.
View Our Latest Stock Analysis on NWE
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.
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