Anthony Thomas Clark Sells 7,400 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE) Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the sale, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $50.93 on Friday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.73, a price-to-earnings-growth ratio of 2.51 and a beta of 0.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The stock’s fifty day moving average is $54.60 and its two-hundred day moving average is $53.36.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The business had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a net margin of 15.15% and a return on equity of 7.95%. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts predict that NorthWestern Energy Group, Inc. will post 3.39 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 5.11%. NorthWestern Energy Group’s dividend payout ratio is currently 70.08%.

Institutional Investors Weigh In On NorthWestern Energy Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System increased its position in NorthWestern Energy Group by 1.9% during the second quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock worth $859,000 after buying an additional 323 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after acquiring an additional 359 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its position in NorthWestern Energy Group by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after purchasing an additional 375 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in NorthWestern Energy Group in the 3rd quarter valued at about $26,000. Finally, KBC Group NV lifted its holdings in NorthWestern Energy Group by 38.4% in the 3rd quarter. KBC Group NV now owns 1,676 shares of the company’s stock valued at $96,000 after purchasing an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NWE shares. Bank of America initiated coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Mizuho increased their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $57.00.

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.