Jupiter Asset Management Ltd. Purchases Shares of 171,051 NorthWestern Energy Group, Inc. (NYSE:NWE)

Jupiter Asset Management Ltd. purchased a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 171,051 shares of the company’s stock, valued at approximately $9,899,000. Jupiter Asset Management Ltd. owned 0.28% of NorthWestern Energy Group at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of NorthWestern Energy Group by 2.6% during the 1st quarter. State of Alaska Department of Revenue now owns 7,179 shares of the company’s stock worth $415,000 after buying an additional 185 shares during the period. State of Michigan Retirement System raised its stake in shares of NorthWestern Energy Group by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 14,728 shares of the company’s stock worth $852,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of NorthWestern Energy Group by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock worth $995,000 after buying an additional 200 shares during the period. State of Wyoming raised its stake in shares of NorthWestern Energy Group by 6.1% during the 4th quarter. State of Wyoming now owns 4,138 shares of the company’s stock worth $221,000 after buying an additional 238 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of NorthWestern Energy Group by 0.4% during the first quarter. New York State Teachers Retirement System now owns 75,478 shares of the company’s stock worth $4,368,000 after purchasing an additional 300 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on NWE. Wells Fargo & Company boosted their price target 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. LADENBURG THALM/SH SH reiterated a “neutral” rating and set a $56.00 price target (down from $57.50) on shares of NorthWestern Energy Group in a research report on Monday, June 2nd. Barclays boosted their price target 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. Finally, BMO Capital Markets began coverage on NorthWestern Energy Group in a research report on Tuesday, May 13th. They set a “market perform” rating and a $60.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of “Hold” and an average target price of $60.00.

NorthWestern Energy Group Stock Down 0.3%

Shares of NYSE:NWE opened at $53.53 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $52.51 and a two-hundred day moving average of $54.58. The stock has a market cap of $3.29 billion, a P/E ratio of 14.67, a PEG ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52-week low of $50.43 and a 52-week high of $59.89.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. On average, research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.9%. The ex-dividend date is Monday, September 15th. NorthWestern Energy Group’s dividend payout ratio is presently 71.93%.

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.