NorthWestern Energy Group (NYSE:NWE) PT Raised to $60.00 at JPMorgan Chase & Co.

NorthWestern Energy Group (NYSE:NWE) had its price target increased by JPMorgan Chase & Co. from $56.00 to $60.00 in a research note released on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on the company. Barclays increased their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 6th. Wells Fargo & Company increased their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Bank of America initiated coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price for the company. Finally, Mizuho lifted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group has a consensus rating of “Hold” and a consensus target price of $56.14.

NorthWestern Energy Group Stock Down 0.4 %

Shares of NYSE NWE opened at $55.10 on Monday. NorthWestern Energy Group has a 52-week low of $46.15 and a 52-week high of $57.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.52. The stock has a market cap of $3.38 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.53 and a beta of 0.46. The firm has a 50 day moving average price of $55.28 and a 200 day moving average price of $52.47.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. Analysts expect that NorthWestern Energy Group will post 3.54 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.65 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.72%. NorthWestern Energy Group’s dividend payout ratio is 75.80%.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction 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 directly owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Institutional Trading of NorthWestern Energy Group

A number of large investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its holdings in shares of NorthWestern Energy Group by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 76,905 shares of the company’s stock valued at $3,917,000 after purchasing an additional 202 shares during the period. State of Michigan Retirement System increased its position in NorthWestern Energy Group by 2.0% during the first quarter. State of Michigan Retirement System now owns 15,028 shares of the company’s stock worth $765,000 after buying an additional 300 shares during the last quarter. Arizona State Retirement System raised its stake in NorthWestern Energy Group by 1.9% in the second quarter. Arizona State Retirement System now owns 17,154 shares of the company’s stock valued at $859,000 after buying an additional 323 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $26,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of NorthWestern Energy Group by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,234 shares of the company’s stock worth $413,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Company 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.