NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 6.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,827 shares of the company’s stock after selling 357 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in NorthWestern Energy Group were worth $276,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. First Citizens Bank & Trust Co. acquired a new stake in shares of NorthWestern Energy Group in the 3rd quarter valued at approximately $230,000. V Square Quantitative Management LLC purchased a new position in NorthWestern Energy Group in the 3rd quarter valued at approximately $26,000. nVerses Capital LLC increased its stake in NorthWestern Energy Group by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after purchasing an additional 600 shares in the last quarter. ZWJ Investment Counsel Inc. purchased a new position in NorthWestern Energy Group in the 3rd quarter valued at approximately $220,000. Finally, Oliver Luxxe Assets LLC increased its stake in NorthWestern Energy Group by 34.8% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 67,322 shares of the company’s stock valued at $3,852,000 after purchasing an additional 17,364 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now owns 10,778 shares in the company, valued at approximately $559,593.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NWE shares. StockNews.com downgraded NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. 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 research note on Monday, October 21st. Mizuho raised their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America began coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Finally, Barclays raised their price target 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.14.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $52.79 on Friday. The company has a market cap of $3.24 billion, a P/E ratio of 14.23, a P/E/G ratio of 2.58 and a beta of 0.47. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.48. The business has a fifty day simple moving average of $55.34 and a 200-day simple moving average of $52.69.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business 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 period in the prior year, the firm earned $0.49 EPS. Equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s payout ratio is currently 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.