NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 79.4% during the second quarter, Holdings Channel reports. The firm owned 16,376 shares of the company’s stock after purchasing an additional 7,247 shares during the quarter. Pacer Advisors Inc.’s holdings in NorthWestern Energy Group were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NWE. Fidelis Capital Partners LLC purchased a new position in NorthWestern Energy Group in the 1st quarter worth about $28,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of NorthWestern Energy Group in the first quarter worth approximately $28,000. EntryPoint Capital LLC acquired a new stake in shares of NorthWestern Energy Group during the first quarter valued at approximately $33,000. CWM LLC lifted its position in shares of NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock valued at $50,000 after acquiring an additional 579 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in NorthWestern Energy Group by 142.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,139 shares of the company’s stock worth $57,000 after purchasing an additional 670 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Up 0.8 %

Shares of NorthWestern Energy Group stock opened at $57.27 on Friday. The stock has a 50-day simple moving average of $54.12 and a 200-day simple moving average of $51.66. NorthWestern Energy Group, Inc. has a 52-week low of $45.97 and a 52-week high of $57.48. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.61 and a beta of 0.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $319.90 million during 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%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.56 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.54%. NorthWestern Energy Group’s dividend payout ratio is currently 80.50%.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction that occurred 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 directly owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NWE. Barclays increased their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a report on Tuesday, August 6th. Wells Fargo & Company increased their price objective on NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded NorthWestern Energy Group from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Bank of America assumed coverage on shares of NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price 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.