Voya Investment Management LLC Has $1.52 Million Holdings in NorthWestern Energy Group, Inc. $NWE

Voya Investment Management LLC decreased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 92.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,882 shares of the company’s stock after selling 320,014 shares during the period. Voya Investment Management LLC’s holdings in NorthWestern Energy Group were worth $1,517,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Ieq Capital LLC lifted its position in shares of NorthWestern Energy Group by 298.7% during the 1st quarter. Ieq Capital LLC now owns 15,542 shares of the company’s stock worth $899,000 after purchasing an additional 11,644 shares during the last quarter. Trexquant Investment LP bought a new position in NorthWestern Energy Group in the 1st quarter worth approximately $844,000. MAI Capital Management lifted its holdings in shares of NorthWestern Energy Group by 3,014.8% during the first quarter. MAI Capital Management now owns 4,828 shares of the company’s stock worth $279,000 after buying an additional 4,673 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of NorthWestern Energy Group during the first quarter worth approximately $1,292,000. Finally, Ancora Advisors LLC boosted its position in shares of NorthWestern Energy Group by 6.4% in the first quarter. Ancora Advisors LLC now owns 221,325 shares of the company’s stock valued at $12,808,000 after acquiring an additional 13,235 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NWE. Wells Fargo & Company initiated coverage on shares of NorthWestern Energy Group in a research report on Monday, October 27th. They set an “equal weight” rating and a $58.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Barclays increased their target price on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.20.

NorthWestern Energy Group Trading Up 0.9%

Shares of NWE stock opened at $64.86 on Tuesday. The firm has a fifty day moving average of $64.75 and a 200-day moving average of $58.54. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 2.40 and a beta of 0.35. NorthWestern Energy Group, Inc. has a 52-week low of $50.46 and a 52-week high of $69.23. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. During the same period in the previous year, the company earned $0.65 EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.1%. NorthWestern Energy Group’s dividend payout ratio is presently 74.79%.

About NorthWestern Energy Group

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.