Versor Investments LP Lowers Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Versor Investments LP trimmed its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 35.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the company’s stock after selling 4,803 shares during the quarter. Versor Investments LP’s holdings in NorthWestern Energy Group were worth $504,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in NorthWestern Energy Group during the 3rd quarter worth approximately $26,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in NorthWestern Energy Group during the first quarter worth $28,000. EntryPoint Capital LLC acquired a new position in NorthWestern Energy Group during the first quarter worth $33,000. CWM LLC raised its position in NorthWestern Energy Group by 140.2% in the second quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after acquiring an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in NorthWestern Energy Group by 142.9% in the second quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock valued at $57,000 after acquiring an additional 670 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America started coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price target for the company. Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Mizuho raised their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their target price on 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.00.

NorthWestern Energy Group Trading Up 0.1 %

Shares of NorthWestern Energy Group stock opened at $55.27 on Thursday. The business has a 50 day moving average price of $55.34 and a 200 day moving average price of $52.92. The company has a market capitalization of $3.39 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.66 and a beta of 0.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. During the same quarter in the prior year, the company earned $0.49 earnings per share. Sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.70%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

NorthWestern Energy Group 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.