Zimmer Partners LP Purchases Shares of 81,000 NorthWestern Energy Group, Inc. (NYSE:NWE)

Zimmer Partners LP purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 81,000 shares of the company’s stock, valued at approximately $4,330,000. Zimmer Partners LP owned about 0.13% of NorthWestern Energy Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of NWE. First Trust Advisors LP raised its holdings in NorthWestern Energy Group by 391.6% during the 4th quarter. First Trust Advisors LP now owns 999,884 shares of the company’s stock worth $53,454,000 after purchasing an additional 796,500 shares during the last quarter. Norges Bank acquired a new stake in shares of NorthWestern Energy Group during the fourth quarter worth $40,236,000. Raymond James Financial Inc. bought a new position in NorthWestern Energy Group during the fourth quarter worth $29,978,000. DRW Securities LLC bought a new position in NorthWestern Energy Group during the fourth quarter worth $11,275,000. Finally, Nuveen Asset Management LLC lifted its holdings in NorthWestern Energy Group by 24.7% in the fourth quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company’s stock valued at $40,225,000 after buying an additional 148,870 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insiders Place Their Bets

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

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $56.31 on Wednesday. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $59.89. The company has a market cap of $3.46 billion, a PE ratio of 15.43, a P/E/G ratio of 2.40 and a beta of 0.40. The stock has a 50-day moving average of $56.85 and a 200-day moving average of $54.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

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

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, June 13th. This represents a $2.64 dividend on an annualized basis and a yield of 4.69%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 68.75%.

Analysts Set New Price Targets

NWE has been the subject of a number of recent analyst reports. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a “market perform” rating and a $60.00 target price on the stock. Barclays raised their target price on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.21.

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.