Huber Capital Management LLC Reduces Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Huber Capital Management LLC decreased its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,407 shares of the company’s stock after selling 517 shares during the quarter. Huber Capital Management LLC’s holdings in NorthWestern Energy Group were worth $722,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in NorthWestern Energy Group by 128.8% in the first quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock worth $3,223,000 after acquiring an additional 35,628 shares during the period. Russell Investments Group Ltd. lifted its position in shares of NorthWestern Energy Group by 429.0% in the 1st quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock worth $5,353,000 after purchasing an additional 85,235 shares during the period. Oliver Luxxe Assets LLC bought a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $2,088,000. Cetera Investment Advisers raised its stake in NorthWestern Energy Group by 49.0% in the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock worth $1,577,000 after buying an additional 10,185 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in NorthWestern Energy Group by 2,037.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,667 shares of the company’s stock worth $85,000 after buying an additional 1,589 shares during the period. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $56.47 on Friday. The business has a fifty day moving average price of $53.69 and a 200-day moving average price of $51.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The company has a market capitalization of $3.46 billion, a PE ratio of 17.48 and a beta of 0.46. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $57.23.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities analysts expect that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 4.60%. NorthWestern Energy Group’s dividend payout ratio is 80.50%.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the transaction, the director now directly owns 10,778 shares of the company’s stock, valued at $559,593.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays raised their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Bank of America assumed coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price objective for the company. Wells Fargo & Company upped their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $54.88.

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.