3,533 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Acquired by Atria Investments Inc

Atria Investments Inc purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 3,533 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of NorthWestern Energy Group by 49.0% in the 1st quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock valued at $1,577,000 after purchasing an additional 10,185 shares during the period. Cetera Advisors LLC acquired a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at about $555,000. Hsbc Holdings PLC raised its stake in shares of NorthWestern Energy Group by 600.3% in the 2nd quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock valued at $2,479,000 after purchasing an additional 42,479 shares during the period. Federated Hermes Inc. raised its stake in shares of NorthWestern Energy Group by 58.2% in the 2nd quarter. Federated Hermes Inc. now owns 75,032 shares of the company’s stock valued at $3,758,000 after purchasing an additional 27,601 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after purchasing an additional 9,670 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America began coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Mizuho lifted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $57.00.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $56.75 on Monday. NorthWestern Energy Group, Inc. has a 52-week low of $46.15 and a 52-week high of $57.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The company has a market capitalization of $3.48 billion, a P/E ratio of 15.30, a P/E/G ratio of 2.72 and a beta of 0.47. The company has a fifty day moving average of $55.47 and a 200-day moving average of $53.17.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. The firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.58%. NorthWestern Energy Group’s dividend payout ratio is presently 70.08%.

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.