What is the 13F Pro Quality Score for NWE?

13F Pro ranks NorthWestern Energy Group, Inc. (NWE) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View NWE's current score at https://13fpro.ai/research/NWE (free sign-up required for the full ranking).

Where does 13F Pro source NWE data?

All NorthWestern Energy Group, Inc. fundamentals and ownership data come directly from SEC EDGAR. NorthWestern Energy Group, Inc. files with the SEC under CIK 1993004. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is NWE in?

NorthWestern Energy Group, Inc. (NWE) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

How often is NWE research updated on 13F Pro?

NWE's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

NorthWestern Energy Group, Inc.(NWE)Stock Analysis

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13F Pro Quality Score

65.6/100

Rank #565 of 2,879 stocksTOP 25%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

92.8/100

Profitability

71.4/100

Balance Sheet

54.0/100

Earnings Quality

81.7/100

Free Cash Flow

34.8/100

Institutional Flow

49.9/100

Revenue Scale

59.8/100

Dilution Risk

77.3/100

NWE Stock Analysis & AI Quality Score

AI stock analysis and institutional research for NorthWestern Energy Group, Inc. (NWE), a Utilities sector company. 13F Pro's AI-powered ranking engine scores NWE at 65.6/100 on a 32-signal composite quality model, placing it at rank #565 of 2,879 stocks — the top 25% of the AI-ranked universe. NWE scores in the top quartile across revenue growth (92.8), earnings quality (81.7). Areas of concern include free cash flow (34.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), NorthWestern Energy Group, Inc. reports quarterly revenue of $497.6M, net income of $63.5M, an operating margin of 22.9%. Top institutional holders of NWE by reported 13-F value include BlackRock,, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. NWE trades on the Nasdaq exchange and files with the SEC under CIK 1993004. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NWE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NorthWestern Energy Group, Inc. directly from SEC EDGAR. NorthWestern Energy Group, Inc.'s 13F Pro composite quality score has ranged between 8 and 66 since 2024, currently 65.6 — an improving long-term trajectory across 44 quarterly and live scoring snapshots.

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Fun facts about NorthWestern Energy Group, Inc.

Quirks, history, and lore behind NWE — the kind of stuff that makes a stock memorable.

1
The Basics
A regulated utility company · serves customers across the Northern Rocky Mountain region · listed on Nasdaq · provides both electric and natural gas service.
2
The Numbers
Annual revenue in the range of roughly $700 million · serves around 800,000 customers across a vast, lightly populated territory — big geography, small crowd.
3
The History
Its roots trace back to utility operations in Montana in the early 20th century; it took its current corporate form after the restructuring of the Montana Power Company in the early 2000s — one of the more infamous utility implosions in U.S. history.
4
The Secret
It operates in Montana, South Dakota, and Nebraska — states where the nearest competing utility might be measured in hundreds of miles of empty plains.
5
The Lore
It inherited a service territory once considered a copper-country powerhouse, and today it quietly keeps the lights on for ranchers, ski towns, and Big Sky Country at large.
6
The Giveaway
Headquartered in Butte, Montana — the same city that gave the world the copper boom — this is the primary electric and gas utility for much of Montana, trading under a ticker that sounds like the northwest corner of the map.

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Revenue

Q1 2026

$497.6M

Net Income

Q1 2026

$63.5M

Free Cash Flow

Q1 2026

$43.3M

Operating Margin

Q1 2026

22.9%

ROIC

Q1 2026

1.9%

D/E Ratio

Q1 2026

1.18

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+6.4% YoY

$1.61BFY 2025

FY22 $1.48BFY23 $1.42BFY24 $1.51BFY25 $1.61B

Net Income

-19.2% YoY

$181.1MFY 2025

FY22 $183.0MFY23 $194.1MFY24 $224.1MFY25 $181.1M

Operating Income

+0.8% YoY

$325.8MFY 2025

FY22 $263.1MFY23 $300.5MFY24 $323.3MFY25 $325.8M

EPS (Diluted)

-19.5% YoY

$2.94FY 2025

FY22 $3.25FY23 $3.22FY24 $3.65FY25 $2.94

Total Assets

+5.8% YoY

$8.46BFY 2025

FY22 $7.32BFY23 $7.60BFY24 $8.00BFY25 $8.46B

Total Debt

+4.3% YoY

$3.54BFY 2025

FY22 $2.91BFY23 $2.88BFY24 $3.40BFY25 $3.54B

Op. Cash Flow

-3.0% YoY

$394.5MFY 2025

FY22 $307.2MFY23 $489.2MFY24 $406.7MFY25 $394.5M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.61B +6.4%	$1.51B +6.5%	$1.42B -3.8%	$1.48B +7.7%	$1.37B	—
Net Income	$181.1M -19.2%	$224.1M +15.4%	$194.1M +6.1%	$183.0M -2.1%	$186.8M	—
Operating Income	$325.8M +0.8%	$323.3M +7.6%	$300.5M +14.2%	$263.1M -4.6%	$275.7M	—
EPS (Diluted)	$2.94 -19.5%	$3.65 +13.4%	$3.22 -0.9%	$3.25 -9.7%	$3.60	—
Total Assets	$8.46B +5.8%	$8.00B +5.2%	$7.60B +3.9%	$7.32B +7.9%	$6.78B	—
Total Debt	$3.54B +4.3%	$3.40B +17.7%	$2.88B -0.8%	$2.91B	—	—
Operating Cash Flow	$394.5M -3.0%	$406.7M -16.9%	$489.2M +59.2%	$307.2M +39.7%	$220.0M	—

AI Insight: NWE Financial Trends

Q1 2026 revenue hit $498M — a new high — but net income of $63M trails Q1 2025's $77M, signaling margin compression despite top-line growth.

• Revenue grew year-over-year in Q1 2026 ($498M vs. $467M in Q1 2025), continuing a pattern of seasonal strength in Q1.

• Net income fell to $63M in Q1 2026 from $77M in Q1 2025, and operating income declined to $114M from $125M — margins are compressing.

• Total debt rose from $2,894M in Q2 2024 to $3,541M in Q4 2025, a $647M increase, before dipping slightly to $3,433M in Q1 2026.

• Operating cash flow of $159M in Q1 2026 exceeded Q1 2025's $153M, a modest improvement in cash generation year-over-year.

⚠ Total debt at $3,433M versus equity of $2,909M keeps leverage elevated; further debt growth could pressure credit metrics.

⚠ Q4 2025 operating income dropped to $60M — below Q4 2024's $92M — watch whether Q4 weakness persists as a structural trend.

⚠ Equity has been nearly flat ($2,807M to $2,909M over six quarters) despite retained earnings, suggesting capital return or loss offsets.

AI Insight: NWE Ratio Trends

NWE's Q1 2026 ROIC rebounded to 7.2% but D/E has crept to 1.18, near cycle highs, flagging rising leverage as the key offset to improving returns.

• ROIC recovered sharply from 3.7% in Q4 2025 to 7.2% in Q1 2026, approaching the Q1 2025 peak of 8.3%.

• Operating margin in Q1 2026 rose to 22.9% from Q4 2025's trough of 14.5%, consistent with seasonal heating-season patterns.

• D/E has risen from 1.03 in Q2 2024 to 1.23 in Q4 2025, with Q1 2026 still elevated at 1.18, indicating structural leverage build.

• TTM NPM of 10.2% and ROA of 1.9% are modest, reflecting utility-sector capital intensity rather than any acute deterioration.

⚠ D/E at 1.23 in Q4 2025 is the highest in the dataset — sustained leverage expansion could pressure credit metrics and dividend coverage.

⚠ Q2 2025 operating margin collapsed to 17.7% and ROIC to 4.0% — monitor whether Q2 2026 shows similar seasonal softness or worsening.

⚠ ROIC gap between Q1 2025 (8.3%) and Q1 2026 (7.2%) suggests peak returns may be compressing despite revenue seasonality support.

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Available Research

13F Pro tracks comprehensive data for NorthWestern Energy Group, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of NWE

BlackRock, Inc.
$546.1M8,281,530 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$230.1M3,489,737 sh
VANGUARD CAPITAL MANAGEMENT LLC
$183.5M2,782,707 sh
STATE STREET CORP
$154.0M2,335,081 sh
GEODE CAPITAL MANAGEMENT, LLC
$111.8M1,694,354 sh
FRANKLIN RESOURCES INC
$107.0M1,621,967 sh
AMERICAN CENTURY COMPANIES INC
$102.7M1,557,867 sh
GOLDMAN SACHS GROUP INC
$89.1M1,350,902 sh
MILLENNIUM MANAGEMENT LLC
$86.7M1,314,488 sh
Neuberger Berman Group LLC
$84.0M1,274,526 sh

Fund	Value	Shares
BlackRock, Inc.	$546.1M	8,281,530
VANGUARD PORTFOLIO MANAGEMENT LLC	$230.1M	3,489,737
VANGUARD CAPITAL MANAGEMENT LLC	$183.5M	2,782,707
STATE STREET CORP	$154.0M	2,335,081
GEODE CAPITAL MANAGEMENT, LLC	$111.8M	1,694,354
FRANKLIN RESOURCES INC	$107.0M	1,621,967
AMERICAN CENTURY COMPANIES INC	$102.7M	1,557,867
GOLDMAN SACHS GROUP INC	$89.1M	1,350,902
MILLENNIUM MANAGEMENT LLC	$86.7M	1,314,488
Neuberger Berman Group LLC	$84.0M	1,274,526

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Is NWE a good stock to buy?

13F Pro's AI-powered analysis of NorthWestern Energy Group, Inc. (NWE) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NWE are available on the NWE stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own NWE?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NWE. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NorthWestern Energy Group, Inc.'s investment landscape.