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 business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the transaction, the director now owns 10,888 shares of the company’s stock, valued at $583,270.16. This represents a 6.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $52.80 on Wednesday. The business’s 50-day moving average price is $54.87 and its two-hundred day moving average price is $53.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49. The company has a market capitalization of $3.24 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 2.57 and a beta of 0.48.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter last year, the firm earned $0.49 EPS. Analysts anticipate that NorthWestern Energy Group, Inc. will post 3.39 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 Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.92%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 70.08%.

Institutional Trading of NorthWestern Energy Group

Several large investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted 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 acquiring an additional 323 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of NorthWestern Energy Group by 4.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock worth $452,000 after acquiring an additional 359 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of NorthWestern Energy Group by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after purchasing an additional 375 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter worth about $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 worth $96,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports 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 price objective for the company. Mizuho boosted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Wells Fargo & Company boosted their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $57.00.

About NorthWestern Energy Group

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.