17,798 Shares in NorthWestern Energy Group, Inc. $NWE Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 17,798 shares of the company’s stock, valued at approximately $913,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $53,538,000. Jane Street Group LLC increased its stake in NorthWestern Energy Group by 1,549.9% in the first quarter. Jane Street Group LLC now owns 243,070 shares of the company’s stock valued at $14,066,000 after acquiring an additional 228,338 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in NorthWestern Energy Group in the first quarter valued at $9,899,000. AQR Capital Management LLC raised its position in NorthWestern Energy Group by 38.9% during the first quarter. AQR Capital Management LLC now owns 583,063 shares of the company’s stock valued at $33,482,000 after purchasing an additional 163,147 shares in the last quarter. Finally, Westwood Holdings Group Inc. lifted its stake in NorthWestern Energy Group by 11.7% during the second quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock worth $57,387,000 after purchasing an additional 117,449 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Up 0.1%

Shares of NYSE NWE opened at $65.69 on Friday. The firm’s fifty day moving average is $60.39 and its 200 day moving average is $56.45. NorthWestern Energy Group, Inc. has a 52 week low of $50.43 and a 52 week high of $67.46. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.40 and a beta of 0.42.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping 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 last year, the firm posted $0.65 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.64 dividend on an annualized basis and a yield of 4.0%. NorthWestern Energy Group’s dividend payout ratio is presently 74.79%.

Analysts Set New Price Targets

NWE has been the topic of several recent research reports. Wells Fargo & Company initiated coverage on NorthWestern Energy Group in a research report on Monday, October 27th. They set an “equal weight” rating and a $58.00 price objective on the stock. Barclays upped their target price on NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NorthWestern Energy Group has an average rating of “Hold” and a consensus target price of $58.75.

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.