Swiss National Bank Sells 1,000 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Swiss National Bank lowered its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,683 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank owned 0.20% of NorthWestern Energy Group worth $6,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NWE. KBC Group NV grew its stake in shares of NorthWestern Energy Group by 38.4% in the 3rd quarter. KBC Group NV now owns 1,676 shares of the company’s stock worth $96,000 after acquiring an additional 465 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock worth $452,000 after purchasing an additional 359 shares during the last quarter. MQS Management LLC bought a new stake in NorthWestern Energy Group in the 3rd quarter worth about $212,000. Empower Advisory Group LLC grew its position in NorthWestern Energy Group by 4.4% in the 3rd quarter. Empower Advisory Group LLC now owns 269,411 shares of the company’s stock worth $15,416,000 after purchasing an additional 11,422 shares in the last quarter. Finally, Stockman Wealth Management Inc. increased its stake in NorthWestern Energy Group by 6.9% in the 3rd quarter. Stockman Wealth Management Inc. now owns 103,723 shares of the company’s stock valued at $5,935,000 after buying an additional 6,695 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 4.5 %

NWE opened at $54.48 on Wednesday. The business’s 50 day moving average price is $55.44 and its 200 day moving average price is $53.24. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The stock has a market capitalization of $3.34 billion, a PE ratio of 14.68, a P/E/G ratio of 2.73 and a beta of 0.47. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.05). The business had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same quarter last year, the company posted $0.49 EPS. As a group, equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.38 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.77%. 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

Several equities analysts have recently issued reports on NWE shares. Barclays upped 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. Mizuho lifted their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Bank of America began coverage on shares of 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. StockNews.com downgraded shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.00.

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.