Cornercap Investment Counsel Inc. Sells 10,887 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Cornercap Investment Counsel Inc. cut its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 55.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,876 shares of the company’s stock after selling 10,887 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in NorthWestern Energy Group were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in shares of NorthWestern Energy Group by 429.0% during the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock worth $5,353,000 after purchasing an additional 85,235 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock worth $1,577,000 after purchasing an additional 10,185 shares during the last quarter. Meritage Portfolio Management lifted its position in shares of NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after purchasing an additional 56,330 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of NorthWestern Energy Group during the first quarter worth $555,000. Finally, Hsbc Holdings PLC lifted its position in shares of NorthWestern Energy Group by 600.3% during the second quarter. Hsbc Holdings PLC now owns 49,555 shares of the company’s stock worth $2,479,000 after purchasing an additional 42,479 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Price Performance

NWE opened at $55.19 on Friday. The business’s 50-day moving average is $55.39 and its two-hundred day moving average is $52.98. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.48. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a market capitalization of $3.38 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.47.

NorthWestern Energy Group (NYSE:NWE) last posted 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 during 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 quarter last year, the firm earned $0.49 EPS. Research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.38 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio is presently 70.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Bank of America assumed coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. Barclays raised their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Mizuho raised their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. 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 research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, NorthWestern Energy Group presently has an average rating of “Hold” and an average target price of $57.00.

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.