Money Concepts Capital Corp Sells 6,960 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Money Concepts Capital Corp reduced its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 19.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,493 shares of the company’s stock after selling 6,960 shares during the quarter. Money Concepts Capital Corp’s holdings in NorthWestern Energy Group were worth $1,707,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NWE. Principal Financial Group Inc. raised its holdings in shares of NorthWestern Energy Group by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 174,015 shares of the company’s stock valued at $9,303,000 after purchasing an additional 2,653 shares during the last quarter. Ieq Capital LLC acquired a new position in shares of NorthWestern Energy Group during the 4th quarter worth approximately $208,000. Bank of New York Mellon Corp raised its position in shares of NorthWestern Energy Group by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock valued at $47,369,000 after purchasing an additional 135,611 shares during the period. Amalgamated Bank lifted its position in NorthWestern Energy Group by 2.4% during the fourth quarter. Amalgamated Bank now owns 28,131 shares of the company’s stock worth $1,504,000 after acquiring an additional 665 shares during the last quarter. Finally, Versor Investments LP boosted its stake in NorthWestern Energy Group by 24.8% in the 4th quarter. Versor Investments LP now owns 10,980 shares of the company’s stock valued at $587,000 after purchasing an additional 2,180 shares during the period. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $50.85 on Friday. NorthWestern Energy Group, Inc. has a 1-year low of $48.52 and a 1-year high of $59.89. 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 stock has a market cap of $3.12 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 2.40 and a beta of 0.37. The stock’s fifty day simple moving average is $54.83 and its two-hundred day simple moving average is $54.56.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, topping 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%. During the same quarter last year, the company earned $1.09 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. As a group, analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm 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 $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 68.75%.

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.