Squarepoint Ops LLC Raises Position in NorthWestern Energy Group, Inc. $NWE

Squarepoint Ops LLC lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 92.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,736 shares of the company’s stock after buying an additional 19,102 shares during the quarter. Squarepoint Ops LLC owned 0.06% of NorthWestern Energy Group worth $2,038,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of NWE. Daiwa Securities Group Inc. lifted its position in shares of NorthWestern Energy Group by 34.3% during the second quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after purchasing an additional 216 shares in the last quarter. USA Financial Formulas acquired a new stake in NorthWestern Energy Group during the 2nd quarter valued at $53,000. Costello Asset Management INC increased its stake in NorthWestern Energy Group by 334.3% during the 2nd quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock worth $66,000 after buying an additional 993 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in NorthWestern Energy Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,624 shares of the company’s stock worth $83,000 after buying an additional 493 shares in the last quarter. Finally, Ransom Advisory Ltd lifted its holdings in NorthWestern Energy Group by 800.0% in the 2nd quarter. Ransom Advisory Ltd now owns 1,800 shares of the company’s stock worth $92,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

NWE has been the subject of several recent analyst reports. Wells Fargo & Company started coverage on NorthWestern Energy Group in a research note on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price for the company. Barclays increased their price target on NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Finally, JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $59.20.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $64.24 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a 1 year low of $50.46 and a 1 year high of $69.23. The firm’s 50-day simple moving average is $63.99 and its 200-day simple moving average is $57.91. The firm has a market cap of $3.94 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.During the same period last year, the company earned $0.65 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio is currently 74.79%.

NorthWestern Energy Group Company 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.