Prosperity Consulting Group LLC Purchases 1,041 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Prosperity Consulting Group LLC raised its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 14.0% in the second quarter, Holdings Channel reports. The fund owned 8,489 shares of the company’s stock after buying an additional 1,041 shares during the quarter. Prosperity Consulting Group LLC’s holdings in NorthWestern Energy Group were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NWE. International Assets Investment Management LLC boosted its holdings in NorthWestern Energy Group by 4,989.0% during the fourth quarter. International Assets Investment Management LLC now owns 8,753 shares of the company’s stock valued at $445,000 after acquiring an additional 8,581 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of NorthWestern Energy Group by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,577 shares of the company’s stock valued at $39,113,000 after buying an additional 31,100 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of NorthWestern Energy Group during the fourth quarter valued at about $66,000. Jump Financial LLC acquired a new position in shares of NorthWestern Energy Group during the fourth quarter valued at about $209,000. Finally, Dimensional Fund Advisors LP raised its position in shares of NorthWestern Energy Group by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 956,127 shares of the company’s stock valued at $48,658,000 after buying an additional 3,849 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction that occurred on 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 owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

NorthWestern Energy Group Stock Up 2.0 %

Shares of NWE opened at $55.94 on Friday. 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 has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group, Inc. has a 12 month low of $45.97 and a 12 month high of $55.96. The company has a 50-day moving average price of $53.01 and a two-hundred day moving average price of $51.11.

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

NorthWestern Energy Group Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on NWE shares. Wells Fargo & Company upped their price objective on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Barclays upped their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Finally, Bank of America initiated coverage on shares of NorthWestern Energy Group in a research report on Thursday. They set a “buy” rating and a $65.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of “Hold” and an average target price of $54.88.

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.