NorthWestern Energy Group, Inc. $NWE Stock Position Decreased by Voya Investment Management LLC

Voya Investment Management LLC cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 92.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,882 shares of the company’s stock after selling 320,014 shares during the period. Voya Investment Management LLC’s holdings in NorthWestern Energy Group were worth $1,517,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. raised its holdings in NorthWestern Energy Group by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after buying an additional 216 shares during the period. USA Financial Formulas purchased a new position in shares of NorthWestern Energy Group in the second quarter worth approximately $53,000. Costello Asset Management INC raised its holdings in shares of NorthWestern Energy Group by 334.3% during the second quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock valued at $66,000 after acquiring an additional 993 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of NorthWestern Energy Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,624 shares of the company’s stock valued at $83,000 after acquiring an additional 493 shares in the last quarter. Finally, Ransom Advisory Ltd boosted its stake 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 purchasing an additional 1,600 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Trading Up 0.9%

NorthWestern Energy Group stock opened at $64.86 on Tuesday. NorthWestern Energy Group, Inc. has a one year low of $50.46 and a one year high of $69.23. The company’s fifty day moving average price is $64.75 and its two-hundred day moving average price is $58.54. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.40 and a beta of 0.35.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. On average, 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio (DPR) is 74.79%.

Analyst Ratings Changes

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

About NorthWestern Energy Group

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.