Inspire Advisors LLC Sells 3,376 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Inspire Advisors LLC trimmed its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 10.0% in the 3rd quarter, Holdings Channel reports. The firm owned 30,333 shares of the company’s stock after selling 3,376 shares during the quarter. Inspire Advisors LLC’s holdings in NorthWestern Energy Group were worth $1,736,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in NorthWestern Energy Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock worth $345,049,000 after acquiring an additional 187,619 shares in the last quarter. Ancora Advisors LLC purchased a new position in NorthWestern Energy Group in the first quarter worth $6,550,000. AQR Capital Management LLC grew its position in NorthWestern Energy Group by 36.4% in the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after acquiring an additional 105,845 shares in the last quarter. Russell Investments Group Ltd. grew its position 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 acquiring an additional 85,235 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NorthWestern Energy Group by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,027,698 shares of the company’s stock worth $51,467,000 after acquiring an additional 61,216 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 688 shares of the 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 of the company’s stock, valued at $559,593.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is owned by insiders.

Analyst Ratings Changes

NWE has been the subject of several analyst reports. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Barclays upped their price target 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. Wells Fargo & Company upped their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target for the company. Finally, Mizuho upped their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.75.

NorthWestern Energy Group Trading Up 0.1 %

Shares of NYSE:NWE traded up $0.03 during midday trading on Friday, hitting $56.49. 39,248 shares of the stock traded hands, compared to its average volume of 328,823. The stock has a market capitalization of $3.46 billion, a PE ratio of 17.48, a P/E/G ratio of 2.51 and a beta of 0.46. The business’s 50 day moving average is $54.97 and its two-hundred day moving average is $52.29. 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 one year low of $46.15 and a one year high of $57.48.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts forecast that NorthWestern Energy Group, Inc. will post 3.54 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend was Friday, September 13th. NorthWestern Energy Group’s payout ratio is currently 80.50%.

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.