NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide Sells 700 Shares

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide sold 700 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the sale, the director now owns 10,888 shares of the company’s stock, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NorthWestern Energy Group Stock Down 0.8 %

NorthWestern Energy Group stock opened at $53.01 on Tuesday. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The firm’s fifty day moving average price is $54.96 and its two-hundred day moving average price is $53.37. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48. NorthWestern Energy Group, Inc. has a 1-year low of $46.15 and a 1-year high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $344.06 million. NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. During the same period in the previous year, the firm earned $0.49 EPS. On average, equities research analysts predict that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.90%. NorthWestern Energy Group’s payout ratio is 70.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America began coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Mizuho increased their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of NorthWestern Energy Group by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock worth $859,000 after purchasing an additional 323 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in NorthWestern Energy Group by 4.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock worth $452,000 after buying an additional 359 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in NorthWestern Energy Group by 0.6% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after buying an additional 375 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of NorthWestern Energy Group in the third quarter valued at $26,000. Finally, KBC Group NV lifted its position in shares of NorthWestern Energy Group by 38.4% during the 3rd quarter. KBC Group NV now owns 1,676 shares of the company’s stock valued at $96,000 after buying an additional 465 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.