NorthWestern Energy Group, Inc. (NYSE:NWE) Director Anthony Thomas Clark Sells 7,400 Shares

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total value of $384,430.00. Following the sale, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock remained flat at $50.93 on Friday. The stock had a trading volume of 244,948 shares, compared to its average volume of 345,118. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3.12 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. The company has a fifty day moving average price of $54.70 and a 200 day moving average price of $53.36.

NorthWestern Energy Group (NYSE:NWE) last posted 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 business had revenue of $345.20 million during the quarter, compared to the consensus estimate of $344.06 million. During the same period in the prior year, the firm earned $0.49 EPS. As a group, equities analysts predict that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a yield of 5.11%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Hedge Funds Weigh In On NorthWestern Energy Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWE. Systematic Financial Management LP increased its position in shares of NorthWestern Energy Group by 11.8% in the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after purchasing an additional 113,265 shares during the period. FMR LLC raised its position in shares of NorthWestern Energy Group by 17.0% in the 3rd quarter. FMR LLC now owns 759,804 shares of the company’s stock valued at $43,476,000 after buying an additional 110,461 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of NorthWestern Energy Group by 36.4% during the 2nd quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after acquiring an additional 105,845 shares during the period. Barclays PLC boosted its position in shares of NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company’s stock worth $6,327,000 after acquiring an additional 74,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in NorthWestern Energy Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock valued at $51,467,000 after acquiring an additional 61,216 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWE has been the topic of several research analyst reports. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America began coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. upped their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Mizuho raised their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company upped their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.