Jane Street Group LLC Has $1.89 Million Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Jane Street Group LLC lowered its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 42.1% in the third quarter, HoldingsChannel reports. The firm owned 33,030 shares of the company’s stock after selling 24,030 shares during the period. Jane Street Group LLC’s holdings in NorthWestern Energy Group were worth $1,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of NorthWestern Energy Group during the third quarter valued at $26,000. Quest Partners LLC acquired a new stake in shares of NorthWestern Energy Group during the third quarter worth about $45,000. nVerses Capital LLC raised its stake in shares of 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 during the period. CWM LLC grew its position in NorthWestern Energy Group by 51.7% in the third quarter. CWM LLC now owns 1,505 shares of the company’s stock valued at $86,000 after purchasing an additional 513 shares in the last quarter. Finally, KBC Group NV grew its stake in NorthWestern Energy Group by 38.4% in the third quarter. KBC Group NV now owns 1,676 shares of the company’s stock valued at $96,000 after purchasing an additional 465 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $53.18 on Wednesday. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.45 and a beta of 0.48. The stock has a fifty day moving average of $54.24 and a 200 day moving average of $53.42. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE) last announced its 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). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The firm 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 company posted $0.49 EPS. As a group, research analysts expect that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 4.89%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho boosted their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Barclays raised NorthWestern Energy Group from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $53.00 to $56.00 in a report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.50.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

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.