NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) Director Britt E. Ide sold 687 shares of the company's stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.30, for a total transaction of $35,243.10. Following the transaction, the director now owns 10,640 shares in the company, valued at approximately $545,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NorthWestern Energy Group Trading Up 0.4 %
Shares of NorthWestern Energy Group stock opened at $51.18 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 15.85 and a beta of 0.43. The stock has a fifty day simple moving average of $49.47 and a 200 day simple moving average of $49.56. NorthWestern Energy Group, Inc. has a 12-month low of $45.97 and a 12-month high of $60.29. The company has a current ratio of 0.89, a quick ratio of 0.55 and a debt-to-equity ratio of 0.99.
NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.30). The firm had revenue of $475.30 million for the quarter, compared to analysts' expectations of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. NorthWestern Energy Group's revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. On average, sell-side analysts anticipate that NorthWestern Energy Group, Inc. will post 3.53 earnings per share for the current fiscal year.
NorthWestern Energy Group Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.65 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.60 annualized dividend and a yield of 5.08%. NorthWestern Energy Group's dividend payout ratio (DPR) is 80.50%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the company. Guggenheim raised NorthWestern Energy Group from a "sell" rating to a "neutral" rating and set a $47.00 price target on the stock in a research note on Monday, January 22nd. Barclays upped their target price on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an "underweight" rating in a research report on Monday, January 22nd. StockNews.com raised shares of NorthWestern Energy Group from a "sell" rating to a "hold" rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a "neutral" rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, NorthWestern Energy Group presently has an average rating of "Hold" and an average price target of $51.71.
View Our Latest Stock Report on NorthWestern Energy Group
Hedge Funds Weigh In On NorthWestern Energy Group
Hedge funds have recently modified their holdings of the company. Headlands Technologies LLC boosted its holdings in shares of NorthWestern Energy Group by 138.1% in the 4th quarter. Headlands Technologies LLC now owns 550 shares of the company's stock worth $28,000 after buying an additional 319 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in NorthWestern Energy Group in the first quarter worth about $28,000. GAMMA Investing LLC purchased a new position in NorthWestern Energy Group in the fourth quarter valued at about $38,000. CWM LLC grew its position in shares of NorthWestern Energy Group by 499.5% during the 4th quarter. CWM LLC now owns 1,127 shares of the company's stock valued at $57,000 after acquiring an additional 939 shares during the period. Finally, Principal Securities Inc. purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter worth approximately $66,000. Institutional investors own 96.07% of the company's stock.
NorthWestern Energy Group Company Profile
(
Get Free Report)
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.
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