Summit Global Investments Sells 3,469 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Summit Global Investments cut its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 29.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,318 shares of the company’s stock after selling 3,469 shares during the quarter. Summit Global Investments’ holdings in NorthWestern Energy Group were worth $417,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Trust & Banking Corp bought a new position in NorthWestern Energy Group in the first quarter valued at approximately $28,000. Fidelis Capital Partners LLC bought a new position in NorthWestern Energy Group in the first quarter valued at approximately $28,000. Headlands Technologies LLC increased its stake in NorthWestern Energy Group by 138.1% in the fourth quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 319 shares during the last quarter. EntryPoint Capital LLC bought a new position in NorthWestern Energy Group in the first quarter valued at approximately $33,000. Finally, GAMMA Investing LLC bought a new stake in shares of NorthWestern Energy Group during the fourth quarter worth $38,000. 96.07% of the stock is owned by institutional investors.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Mizuho boosted their target price on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.43.

NorthWestern Energy Group Trading Up 0.3 %

Shares of NYSE:NWE traded up $0.15 during mid-day trading on Wednesday, reaching $53.38. 67,651 shares of the company’s stock were exchanged, compared to its average volume of 330,128. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 16.48 and a beta of 0.45. The business’s fifty day moving average price is $51.29 and its 200-day moving average price is $50.34. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.66 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a twelve month low of $45.97 and a twelve month high of $55.47.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, research analysts predict that NorthWestern Energy Group, Inc. will post 3.52 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.65 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 4.87%. NorthWestern Energy Group’s payout ratio is 80.50%.

NorthWestern Energy Group 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.