Brokerages Set NorthWestern Energy Group, Inc. (NYSE:NWE) Target Price at $51.86

Shares of NorthWestern Energy Group, Inc. (NYSE:NWEGet Free Report) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $51.86.

Several equities analysts have recently weighed in on NWE shares. JPMorgan Chase & Co. lifted their price target on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Mizuho increased their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th.

Read Our Latest Report on NWE

NorthWestern Energy Group Stock Down 0.1 %

NWE stock opened at $48.68 on Wednesday. The stock has a fifty day moving average of $50.68 and a 200-day moving average of $49.73. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $58.38. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 15.07 and a beta of 0.45. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.89.

NorthWestern Energy Group (NYSE:NWEGet Free Report) last issued its earnings results on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The business had revenue of $475.30 million for the quarter, compared to the consensus estimate of $471.60 million. During the same quarter in the prior year, the business earned $1.05 EPS. NorthWestern Energy Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Friday, June 14th. NorthWestern Energy Group’s payout ratio is 80.50%.

Insider Buying and Selling

In other news, VP Bobbi L. Schroeppel sold 1,350 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total value of $68,512.50. Following the transaction, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Bobbi L. Schroeppel sold 1,350 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total value of $68,512.50. Following the completion of the sale, the vice president now owns 31,814 shares in the company, valued at approximately $1,614,560.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total transaction of $35,243.10. Following the transaction, the director now directly owns 10,640 shares in the company, valued at $545,832. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,602 shares of company stock worth $183,805. Insiders own 0.57% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of NWE. Vanguard Group Inc. boosted its holdings in NorthWestern Energy Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock valued at $345,049,000 after acquiring an additional 187,619 shares during the period. American Century Companies Inc. boosted its stake in shares of NorthWestern Energy Group by 5.9% during the third quarter. American Century Companies Inc. now owns 3,816,111 shares of the company’s stock valued at $183,402,000 after purchasing an additional 211,296 shares during the period. River Road Asset Management LLC increased its stake in shares of NorthWestern Energy Group by 35.0% in the fourth quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company’s stock worth $110,341,000 after buying an additional 562,548 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in NorthWestern Energy Group by 27.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 968,054 shares of the company’s stock valued at $49,264,000 after buying an additional 208,326 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in NorthWestern Energy Group by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 956,127 shares of the company’s stock valued at $48,658,000 after buying an additional 3,849 shares during the period. 96.07% of the stock is owned by institutional investors.

About NorthWestern Energy Group

(Get Free Report

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.

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Analyst Recommendations for NorthWestern Energy Group (NYSE:NWE)

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