Meeder Advisory Services Inc. Trims Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Meeder Advisory Services Inc. trimmed its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 13.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,213 shares of the company’s stock after selling 1,590 shares during the quarter. Meeder Advisory Services Inc.’s holdings in NorthWestern Energy Group were worth $591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of NorthWestern Energy Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company’s stock worth $366,175,000 after buying an additional 56,180 shares during the period. Systematic Financial Management LP raised its holdings in shares of NorthWestern Energy Group by 3.7% in the fourth quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company’s stock worth $59,371,000 after buying an additional 40,140 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of NorthWestern Energy Group by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,033,437 shares of the company’s stock worth $55,248,000 after buying an additional 4,544 shares during the period. First Trust Advisors LP raised its holdings in shares of NorthWestern Energy Group by 391.6% in the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company’s stock worth $53,454,000 after buying an additional 796,500 shares during the period. Finally, Invesco Ltd. increased its holdings in NorthWestern Energy Group by 9.9% during the 4th quarter. Invesco Ltd. now owns 904,579 shares of the company’s stock worth $48,359,000 after purchasing an additional 81,852 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Up 0.1%

Shares of NYSE NWE opened at $52.61 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.23 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The stock’s fifty day simple moving average is $52.56 and its two-hundred day simple moving average is $54.55. NorthWestern Energy Group, Inc. has a 12-month low of $50.43 and a 12-month high of $59.89.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Wednesday, April 30th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a return on equity of 7.40% and a net margin of 14.81%. NorthWestern Energy Group’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.09 EPS. As a group, analysts expect that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company raised their price objective on NorthWestern Energy Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Barclays raised their price objective on NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH restated a “neutral” rating and set a $56.00 price objective (down from $57.50) on shares of NorthWestern Energy Group in a report on Monday, June 2nd. Finally, BMO Capital Markets assumed coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They set a “market perform” rating and a $60.00 price objective on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group has an average rating of “Hold” and an average price target of $60.00.

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.