NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total transaction of $80,049.75. Following the completion of the transaction, the vice president now directly owns 32,794 shares of the company's stock, valued at approximately $1,677,413.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NorthWestern Energy Group Trading Down 0.4 %
NWE opened at $51.06 on Thursday. The company has a market cap of $3.13 billion, a P/E ratio of 15.81 and a beta of 0.43. The company has a fifty day moving average price of $49.65 and a two-hundred day moving average price of $49.64. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. NorthWestern Energy Group, Inc. has a 1-year low of $45.97 and a 1-year high of $60.29.
NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.30). NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $471.60 million. During the same period last year, the company posted $1.05 earnings per share. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. Analysts predict that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.
NorthWestern Energy Group Dividend Announcement
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The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.60 annualized dividend and a dividend yield of 5.09%. NorthWestern Energy Group's payout ratio is 80.50%.
Institutional Investors Weigh In On NorthWestern Energy Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWE. ProShare Advisors LLC increased its stake in shares of NorthWestern Energy Group by 1.8% in the first quarter. ProShare Advisors LLC now owns 797,125 shares of the company's stock worth $40,598,000 after purchasing an additional 13,753 shares in the last quarter. Russell Investments Group Ltd. grew its stake in NorthWestern Energy Group by 429.0% in the 1st quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company's stock valued at $5,353,000 after buying an additional 85,235 shares in the last quarter. Meeder Advisory Services Inc. raised its holdings in NorthWestern Energy Group by 45.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 6,354 shares of the company's stock valued at $324,000 after acquiring an additional 1,997 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of NorthWestern Energy Group in the first quarter worth $2,862,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of NorthWestern Energy Group in the first quarter valued at $271,000. 96.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on NWE. Guggenheim raised shares of NorthWestern Energy Group from a "sell" rating to a "neutral" rating and set a $47.00 price objective for the company in a report on Monday, January 22nd. StockNews.com upgraded NorthWestern Energy Group from a "sell" rating to a "hold" rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a "neutral" rating in a research note on Thursday, March 21st. Finally, Barclays upped their target price on NorthWestern Energy Group from $48.00 to $49.00 and gave the company an "underweight" rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group has a consensus rating of "Hold" and a consensus target price of $51.71.
View Our Latest Research Report on NorthWestern Energy Group
NorthWestern Energy Group Company Profile
(
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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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