Campbell & CO Investment Adviser LLC Purchases 60,130 Shares of NorthWestern Energy Group, Inc. $NWE

Campbell & CO Investment Adviser LLC increased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 1,421.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,359 shares of the company’s stock after acquiring an additional 60,130 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in NorthWestern Energy Group were worth $3,302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in NorthWestern Energy Group by 212.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 128,561 shares of the company’s stock worth $6,595,000 after purchasing an additional 87,360 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of NorthWestern Energy Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 873,172 shares of the company’s stock valued at $44,794,000 after buying an additional 7,365 shares during the last quarter. Atria Investments Inc lifted its position in NorthWestern Energy Group by 43.9% during the 2nd quarter. Atria Investments Inc now owns 11,097 shares of the company’s stock worth $569,000 after buying an additional 3,388 shares in the last quarter. Retirement Systems of Alabama grew its holdings in NorthWestern Energy Group by 0.5% during the 2nd quarter. Retirement Systems of Alabama now owns 75,020 shares of the company’s stock worth $3,849,000 after acquiring an additional 376 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in NorthWestern Energy Group by 4.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 32,585 shares of the company’s stock worth $1,672,000 after acquiring an additional 1,532 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Up 2.8%

Shares of NYSE:NWE opened at $65.02 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.40 and a beta of 0.42. The company has a 50 day moving average of $58.66 and a 200-day moving average of $55.90. NorthWestern Energy Group, Inc. has a one year low of $50.43 and a one year high of $65.69.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate 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 company earned $0.65 EPS. NorthWestern Energy Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid 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 dividend yield of 4.1%. NorthWestern Energy Group’s payout ratio is 74.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays boosted their target price on shares of NorthWestern Energy Group from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Wells Fargo & Company assumed coverage on shares of NorthWestern Energy Group in a report on Monday, October 27th. They issued an “equal weight” rating and a $58.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.75.

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.