NorthWestern Energy Group, Inc. $NWE Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 18.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 641,440 shares of the company’s stock after selling 149,351 shares during the quarter. Victory Capital Management Inc. owned 1.04% of NorthWestern Energy Group worth $37,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of NorthWestern Energy Group in the 2nd quarter valued at about $39,428,000. Bank of America Corp DE grew its holdings in NorthWestern Energy Group by 65.6% during the second quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock worth $62,708,000 after acquiring an additional 484,266 shares during the period. Citigroup Inc. raised its position in NorthWestern Energy Group by 1,211.4% during the third quarter. Citigroup Inc. now owns 430,361 shares of the company’s stock valued at $25,223,000 after acquiring an additional 397,544 shares in the last quarter. Qube Research & Technologies Ltd raised its position in NorthWestern Energy Group by 113.5% during the second quarter. Qube Research & Technologies Ltd now owns 429,484 shares of the company’s stock valued at $22,033,000 after acquiring an additional 228,350 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in NorthWestern Energy Group in the 3rd quarter worth approximately $7,565,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWE has been the topic of a number of analyst reports. Barclays raised their price objective on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. BMO Capital Markets boosted their target price on shares of NorthWestern Energy Group from $65.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Wells Fargo & Company lowered their price target on shares of NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating on the stock in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.20.

NorthWestern Energy Group Stock Performance

Shares of NWE stock opened at $69.71 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 12-month low of $50.46 and a 12-month high of $72.21. The business’s 50 day moving average is $67.93 and its two-hundred day moving average is $63.66. The company has a market capitalization of $4.28 billion, a P/E ratio of 19.10, a P/E/G ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.13 earnings per share. NorthWestern Energy Group has set its FY 2026 guidance at 3.680-3.830 EPS. Analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.66. NorthWestern Energy Group’s payout ratio is presently 91.16%.

NorthWestern Energy Group Company Profile

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.