33,709 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Purchased by Inspire Advisors LLC

Inspire Advisors LLC acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,709 shares of the company’s stock, valued at approximately $1,688,000. Inspire Advisors LLC owned about 0.06% of NorthWestern Energy Group as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in NorthWestern Energy Group by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,577 shares of the company’s stock valued at $39,113,000 after acquiring an additional 31,100 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of NorthWestern Energy Group by 128.8% during the first quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock worth $3,223,000 after purchasing an additional 35,628 shares during the last quarter. Russell Investments Group Ltd. grew its stake in NorthWestern Energy Group by 429.0% in the first quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock worth $5,353,000 after purchasing an additional 85,235 shares in the last quarter. Oliver Luxxe Assets LLC bought a new stake in NorthWestern Energy Group in the fourth quarter valued at about $2,088,000. Finally, Cetera Investment Advisers raised its stake in NorthWestern Energy Group by 49.0% during the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock valued at $1,577,000 after buying an additional 10,185 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the completion of the transaction, the director now directly owns 10,778 shares in the company, valued at $559,593.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Up 0.9 %

NorthWestern Energy Group stock opened at $55.94 on Friday. NorthWestern Energy Group, Inc. has a 52 week low of $45.97 and a 52 week high of $55.96. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 17.32 and a beta of 0.46. The company’s 50-day moving average price is $53.01 and its two-hundred day moving average price is $51.10. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. On average, analysts expect that NorthWestern Energy Group, Inc. will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.65%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.50%.

Analysts Set New Price Targets

NWE has been the subject of several research reports. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays lifted their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Bank of America assumed coverage on shares of NorthWestern Energy Group in a report on Thursday. They issued a “buy” rating and a $65.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.88.

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.