Spirit of America Management Corp NY Has $249,000 Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Spirit of America Management Corp NY increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 126.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,300 shares of the company’s stock after buying an additional 2,400 shares during the quarter. Spirit of America Management Corp NY’s holdings in NorthWestern Energy Group were worth $249,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NorthWestern Energy Group during the fourth quarter worth approximately $203,000. Envestnet Portfolio Solutions Inc. raised its holdings in NorthWestern Energy Group by 14.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company’s stock worth $1,229,000 after buying an additional 2,828 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in NorthWestern Energy Group by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after buying an additional 135,611 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in NorthWestern Energy Group during the fourth quarter worth $73,000. Finally, State of New Jersey Common Pension Fund D raised its holdings in shares of NorthWestern Energy Group by 2.9% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 37,714 shares of the company’s stock worth $2,016,000 after acquiring an additional 1,063 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $50.85 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 2.40 and a beta of 0.37. The stock has a 50 day moving average of $55.50 and a 200 day moving average of $54.63. NorthWestern Energy Group, Inc. has a 12 month low of $48.52 and a 12 month high of $59.89.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (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 last year, the firm posted $1.09 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued 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 5.19%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 68.75%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWE. LADENBURG THALM/SH SH restated a “neutral” rating and issued a $56.00 target price (down previously from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. BMO Capital Markets assumed coverage on NorthWestern Energy Group in a research note on Tuesday, May 13th. They issued a “market perform” rating and a $60.00 price objective for the company. Wells Fargo & Company increased their price target on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Barclays increased their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group has a consensus rating of “Hold” and a consensus price target of $60.00.

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.