Brokerages Set NorthWestern Energy Group, Inc. (NYSE:NWE) PT at $56.14

NorthWestern Energy Group, Inc. (NYSE:NWE) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $57.00.

Several research firms have recently commented on NWE. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Bank of America initiated coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price for the company. Barclays increased their price target on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, 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 note on Monday, October 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NWE. V Square Quantitative Management LLC purchased a new stake in NorthWestern Energy Group during the third quarter worth $26,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in NorthWestern Energy Group during the 1st quarter valued at about $28,000. Fidelis Capital Partners LLC acquired a new position in NorthWestern Energy Group during the first quarter worth about $28,000. EntryPoint Capital LLC acquired a new position in NorthWestern Energy Group during the first quarter worth about $33,000. Finally, Quest Partners LLC purchased a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $45,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Down 2.2 %

Shares of NWE opened at $53.41 on Tuesday. NorthWestern Energy Group has a 52-week low of $46.15 and a 52-week high of $57.48. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The stock has a fifty day simple moving average of $55.31 and a two-hundred day simple moving average of $52.78. The company has a market capitalization of $3.27 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.53 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last released 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). 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 analyst estimates of $344.06 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. As a group, equities analysts forecast that NorthWestern Energy Group will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.87%. NorthWestern Energy Group’s payout ratio is currently 70.08%.

NorthWestern Energy Group Company 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.