NorthWestern Energy Group, Inc. (NYSE:NWE) Director Sells $384,430.00 in Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NorthWestern Energy Group Stock Performance

NWE remained flat at $50.93 during trading on Friday. The company had a trading volume of 244,948 shares, compared to its average volume of 345,118. The company has a 50-day moving average of $54.70 and a 200-day moving average of $53.36. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.49. The firm has a market capitalization of $3.12 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48.

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

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is currently 70.08%.

Wall Street Analyst Weigh In

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

Institutional Trading of NorthWestern Energy Group

Several hedge funds and other institutional investors have recently modified their holdings of NWE. V Square Quantitative Management LLC acquired a new stake in shares of NorthWestern Energy Group in the third quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in NorthWestern Energy Group during the third quarter worth about $35,000. Quest Partners LLC bought a new position in NorthWestern Energy Group during the third quarter valued at about $45,000. CWM LLC lifted its position in shares of NorthWestern Energy Group by 140.2% in the 2nd quarter. CWM LLC now owns 992 shares of the company’s stock worth $50,000 after acquiring an additional 579 shares during the period. Finally, nVerses Capital LLC grew its holdings in shares of NorthWestern Energy Group by 150.0% during the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock worth $57,000 after purchasing an additional 600 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other 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.