Amalgamated Bank Sells 2,343 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Amalgamated Bank lowered its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,787 shares of the company’s stock after selling 2,343 shares during the quarter. Amalgamated Bank’s holdings in NorthWestern Energy Group were worth $1,492,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of NorthWestern Energy Group by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock valued at $51,467,000 after purchasing an additional 61,216 shares during the last quarter. Prosperity Consulting Group LLC boosted its position in NorthWestern Energy Group by 14.0% in the 2nd quarter. Prosperity Consulting Group LLC now owns 8,489 shares of the company’s stock valued at $425,000 after buying an additional 1,041 shares during the last quarter. Inspire Advisors LLC bought a new stake in shares of NorthWestern Energy Group during the second quarter worth $1,688,000. Oppenheimer Asset Management Inc. lifted its stake in shares of NorthWestern Energy Group by 41.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 7,544 shares of the company’s stock valued at $378,000 after acquiring an additional 2,229 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in NorthWestern Energy Group by 58.2% in the second quarter. Federated Hermes Inc. now owns 75,032 shares of the company’s stock valued at $3,758,000 after acquiring an additional 27,601 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Performance

NWE stock opened at $56.82 on Friday. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $57.48. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. The firm has a market cap of $3.48 billion, a PE ratio of 17.59, a P/E/G ratio of 2.61 and a beta of 0.46. The business’s 50-day moving average price is $53.95 and its two-hundred day moving average price is $51.57.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. NorthWestern Energy Group’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. As a group, research analysts forecast that NorthWestern Energy Group, Inc. will post 3.56 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.65 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 4.58%. NorthWestern Energy Group’s dividend payout ratio is currently 80.50%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NWE shares. StockNews.com upgraded shares of NorthWestern Energy Group from a “hold” rating to a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Finally, 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 price target on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average target price of $54.88.

Insider Buying and Selling

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

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.