Legal & General Group Plc Increases Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Legal & General Group Plc lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 333,623 shares of the company’s stock after buying an additional 2,724 shares during the quarter. Legal & General Group Plc’s holdings in NorthWestern Energy Group were worth $17,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nuveen LLC purchased a new position in NorthWestern Energy Group during the 1st quarter worth $53,538,000. Jane Street Group LLC raised its holdings in NorthWestern Energy Group by 1,549.9% during the first quarter. Jane Street Group LLC now owns 243,070 shares of the company’s stock worth $14,066,000 after purchasing an additional 228,338 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in NorthWestern Energy Group in the first quarter valued at about $9,899,000. AQR Capital Management LLC boosted its holdings in NorthWestern Energy Group by 38.9% in the 1st quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock valued at $33,482,000 after purchasing an additional 163,147 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its position in NorthWestern Energy Group by 11.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock worth $57,387,000 after purchasing an additional 117,449 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Performance

NWE opened at $69.07 on Friday. NorthWestern Energy Group, Inc. has a 1-year low of $50.43 and a 1-year high of $69.23. The stock has a market cap of $4.24 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.40 and a beta of 0.42. The stock’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $56.83. 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 posted its earnings results on Thursday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, equities analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, December 15th. NorthWestern Energy Group’s dividend payout ratio is presently 74.79%.

Analyst Ratings Changes

NWE has been the subject of several recent analyst reports. Wells Fargo & Company began coverage on NorthWestern Energy Group in a report on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price target for the company. Barclays raised their target price on NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $58.75.

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.