PNC Financial Services Group Inc. Has $1.52 Million Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

PNC Financial Services Group Inc. raised its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 26,608 shares of the company’s stock after acquiring an additional 644 shares during the period. PNC Financial Services Group Inc.’s holdings in NorthWestern Energy Group were worth $1,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $26,000. EntryPoint Capital LLC bought a new stake in NorthWestern Energy Group in the 1st quarter valued at $33,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group in the 3rd quarter worth $45,000. CWM LLC increased its holdings in shares of NorthWestern Energy Group by 140.2% during the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after purchasing an additional 579 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of NorthWestern Energy Group by 142.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 670 shares during the period. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Stock Down 4.5 %

Shares of NYSE NWE opened at $54.48 on Wednesday. The business has a fifty day moving average of $55.44 and a two-hundred day moving average of $53.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a 52-week low of $46.15 and a 52-week high of $57.49. The stock has a market cap of $3.34 billion, a PE ratio of 14.68, a PEG ratio of 2.73 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results 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 firm had revenue of $345.20 million for the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.49 earnings per share. As a group, equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given 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 yield of 4.77%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NWE shares. Wells Fargo & Company lifted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America started coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price for the company. Barclays boosted their price target on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, Mizuho upped their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.00.

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.