Brevan Howard Capital Management LP Sells 1,022 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Brevan Howard Capital Management LP lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,136 shares of the company’s stock after selling 1,022 shares during the quarter. Brevan Howard Capital Management LP’s holdings in NorthWestern Energy Group were worth $221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in NorthWestern Energy Group by 391.6% in the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company’s stock valued at $53,454,000 after acquiring an additional 796,500 shares during the period. Norges Bank acquired a new position in NorthWestern Energy Group in the fourth quarter valued at about $40,236,000. Raymond James Financial Inc. acquired a new position in shares of NorthWestern Energy Group during the fourth quarter worth about $29,978,000. DRW Securities LLC acquired a new position in shares of NorthWestern Energy Group during the fourth quarter worth about $11,275,000. Finally, River Road Asset Management LLC boosted its position in shares of NorthWestern Energy Group by 6.1% during the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock worth $126,803,000 after buying an additional 136,922 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now owns 11,021 shares in the company, valued at $598,660.72. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $55.74 on Tuesday. The stock has a 50 day moving average price of $56.85 and a 200 day moving average price of $54.84. NorthWestern Energy Group, Inc. has a 52 week low of $48.52 and a 52 week high of $59.89. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $3.42 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.40 and a beta of 0.40.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The firm’s revenue was down 1.8% on a year-over-year basis. Analysts predict that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.66 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.64 annualized dividend and a yield of 4.74%. NorthWestern Energy Group’s dividend payout ratio is 68.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays upped their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 22nd. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $60.25.

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.