NWENasdaqElectric & Other Services CombinedFiscal year ends December 31
NorthWestern Energy Group, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$74.44−0.28 (-0.37%)
Close on Oct 19, 2026
- Market cap
- $4.60B
- P/E (TTM)
- 26.9
- Dividend yield
- 3.55%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
95.7%
59M of 62M shares
Institutional holders
375
37 new, 29 sold out
Net institutional buying
-1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 7,977,494 | 13.00% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Portfolio Management | 3,513,465 | 5.71% | 13G (passive) | Mar 31, 2026 |
| Vanguard Capital Management | 3,273,970 | 5.32% | 13G (passive) | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of NWE | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 9,070,752 | 14.74% | $649.65M | +789,222 | 0.01% |
| Vanguard Portfolio Management LLC | 3,548,697 | 5.77% | $254.16M | +58,960 | 0.01% |
| Vanguard Capital Management LLC | 2,790,136 | 4.54% | $199.83M | +7,429 | 0.00% |
| State Street Corp | 2,431,546 | 3.95% | $174.15M | +96,465 | 0.01% |
| Geode Capital Management, LLC | 1,788,900 | 2.91% | $128.15M | +94,546 | 0.01% |
| Franklin Resources Inc | 1,581,525 | 2.57% | $113.27M | −40,442 | 0.02% |
| Neuberger Berman Group LLC | 1,357,486 | 2.21% | $97.34M | +82,960 | 0.06% |
| Balyasny Asset Management L.P. | 1,285,897 | 2.09% | $92.10M | +375,337 | 0.11% |
| American Century Companies Inc | 1,238,268 | 2.01% | $88.68M | −319,599 | 0.04% |
| Systematic Financial Management LP | 1,121,956 | 1.82% | $80.35M | −10,109 | 1.60% |
| AQR Arbitrage LLC | 1,094,832 | 1.78% | $78.41M | +12,885 | 1.12% |
| Millennium Management LLC | 1,064,119 | 1.73% | $76.21M | −250,369 | 0.03% |
| Alliancebernstein L.P. | 1,061,407 | 1.73% | $69.99M | +245,094 | 0.02% |
| Goldman Sachs Group Inc | 1,051,382 | 1.71% | $75.30M | −299,520 | 0.01% |
| Dimensional Fund Advisors LP | 1,035,633 | 1.68% | $74.17M | +12,403 | 0.01% |
| Citigroup Inc | 1,023,760 | 1.66% | $73.32M | +285,122 | 0.02% |
| Hudson Bay Capital Management LP | 903,026 | 1.47% | $64.67M | +278,017 | 0.18% |
| FMR LLC | 861,126 | 1.40% | $61.67M | +92,498 | 0.00% |
| Northern Trust Corp | 824,542 | 1.34% | $59.05M | +14,982 | 0.01% |
| Morgan Stanley | 821,726 | 1.34% | $58.85M | +48,525 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 375 | 59M | 95.7% | 37 / 129 | 136 / 29 | 5M | 6M |
| Q1 2026 | 373 | 60M | 97.2% | 55 / 134 | 122 / 30 | 13M | 7M |
| Q4 2025 | 358 | 60M | 98.0% | 57 / 138 | 120 / 24 | 10M | 8M |
| Q3 2025 | 329 | 58M | 94.1% | 50 / 129 | 116 / 52 | 4M | 7M |
| Q2 2025 | 335 | 61M | 98.3% | 42 / 128 | 114 / 48 | 4M | 3M |
| Q1 2025 | 344 | 60M | 96.8% | 60 / 128 | 105 / 35 | 5M | 5M |
| Q4 2024 | 323 | 60M | 98.1% | 50 / 124 | 98 / 37 | 6M | 5M |
| Q3 2024 | 313 | 60M | 96.9% | 48 / 115 | 110 / 30 | 12M | 3M |
| Q2 2024 | 298 | 60M | 97.1% | 35 / 125 | 97 / 37 | 2M | 4M |
| Q1 2024 | 302 | 61M | 99.6% | 53 / 118 | 99 / 28 | 3M | 4M |
| Q4 2023 | 278 | 62M | 100.0% | 43 / 102 | 96 / 37 | 6M | 3M |
| Q3 2023 | 274 | 59M | 96.4% | 29 / 95 | 111 / 44 | 4M | 3M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of NWE | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 2,106,573 | 3.42% | $150.87M | 0.12% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,951,979 | 3.17% | $139.80M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,609,380 | 2.62% | $115.26M | 0.14% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,411,371 | 2.29% | $101.08M | 0.05% | Jun 30, 2026 |
| Franklin Utilities Fund | 1,400,000 | 2.28% | $100.27M | 1.31% | Jun 30, 2026 |
| Vanguard Small-Cap Value Index Fund | 893,572 | 1.45% | $64.00M | 0.09% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 705,039 | 1.15% | $50.49M | 0.05% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 686,254 | 1.12% | $47.17M | 0.14% | Jul 31, 2026 |
| Nomura Small Cap Core Fund | 685,940 | 1.12% | $48.43M | 0.88% | May 29, 2026 |
| VIP Mid Cap Portfolio | 659,700 | 1.07% | $47.25M | 0.49% | Jun 30, 2026 |
| Mid Cap Value Fund | 622,113 | 1.01% | $44.56M | 0.79% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 591,712 | 0.96% | $42.38M | 0.29% | Jun 30, 2026 |
| First Trust Value Line Dividend Index Fund | 448,011 | 0.73% | $32.09M | 0.40% | Jun 30, 2026 |
| Vanguard Utilities Index Fund | 427,429 | 0.69% | $30.18M | 0.29% | May 31, 2026 |
| The Gabelli Utilities Fund | 417,000 | 0.68% | $29.87M | 1.70% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Brian B. Bird | President and CEO, Director | 225,388 | 0.37% | Mar 2, 2026 |
| John D. Hines | VP - Energy Supply & MT Gov | 41,972 | 0.07% | Mar 3, 2026 |
| Bleau LaFave | VP - Bus Dvlpmt & Asset Mgmt | 3,694 | 0.01% | Mar 2, 2026 |
| Bobbi L. Schroeppel | VP - HR, Cust Care, Corp Comm | 39,128 | 0.06% | Mar 2, 2026 |
| Michael R. Cashell | VP - Transmission | 28,105 | 0.05% | Mar 2, 2026 |
| Crystal Dawn Lail | VP and CFO | 35,081 | 0.06% | Mar 2, 2026 |
| Shannon Heim | VP and General Counsel | 8,795 | 0.01% | Mar 2, 2026 |
| Jason Merkel | VP - Distribution | 5,616 | 0.01% | Mar 2, 2026 |
| Jeanne Vold | VP - Technology | 14,221 | 0.02% | Mar 2, 2026 |
| Jeffrey B. Berzina | Controller | 4,949 | 0.01% | Mar 2, 2026 |
| Jan Robert Horsfall | Director | 11,670 | 0.02% | Aug 6, 2026 |
| Jeffrey W. Yingling | Director | 24,349 | 0.04% | Aug 5, 2026 |
| Mahvash Yazdi | Director | 22,932 | 0.04% | Jul 13, 2026 |
| David L. Goodin | Director | 5,624 | 0.01% | Jul 13, 2026 |
| Kent T. Larson | Director | 12,041 | 0.02% | Jul 13, 2026 |
| Sherina M. Edwards | Director | 9,978 | 0.02% | Jul 13, 2026 |
| Britt E. Ide | Director | 15,558 | 0.03% | Jul 13, 2026 |
| Linda G. Sullivan | Director | 34,586 | 0.06% | Jul 13, 2026 |
| Anthony Thomas Clark | Director | 16,816 | 0.03% | Dec 13, 2024 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Jan Robert Horsfall Director | Aug 6, 2026 | Award | +524 | $71.62 | $37.53K | 11,670 |
| Jeffrey W. Yingling Director | Aug 4, 2026 | Award | +524 | $71.62 | $37.53K | 24,349 |
| Linda G. Sullivan Director | Jul 9, 2026 | Award | +768 | $71.62 | $55.00K | 34,586 |
| Britt E. Ide Director | Jul 9, 2026 | Award | +524 | $71.62 | $37.53K | 15,558 |
| Sherina M. Edwards Director | Jul 9, 2026 | Award | +524 | $71.62 | $37.53K | 9,978 |
| Kent T. Larson Director | Jul 9, 2026 | Award | +524 | $71.62 | $37.53K | 12,041 |
| Mahvash Yazdi Director | Jul 9, 2026 | Award | +524 | $71.62 | $37.53K | 22,932 |
| David L. Goodin Director | Jul 9, 2026 | Award | +524 | $71.62 | $37.53K | 5,624 |
| Mahvash Yazdi Director | Jul 6, 2026 | Award | +524 | $71.62 | $37.53K | 22,932 |
| Jan Robert Horsfall Director | May 11, 2026 | Award | +569 | $65.94 | $37.52K | 11,109 |
| Jeffrey W. Yingling Director | May 11, 2026 | Award | +569 | $65.94 | $37.52K | 23,616 |
| Mahvash Yazdi Director | Apr 7, 2026 | Award | +569 | $65.94 | $37.52K | 22,291 |
| Linda G. Sullivan Director | Apr 7, 2026 | Award | +834 | $65.94 | $54.99K | 33,650 |
| Sherina M. Edwards Director | Apr 7, 2026 | Award | +569 | $65.94 | $37.52K | 9,454 |
| Kent T. Larson Director | Apr 7, 2026 | Award | +569 | $65.94 | $37.52K | 11,517 |
| David L. Goodin Director | Apr 7, 2026 | Award | +569 | $65.94 | $37.52K | 5,100 |
| Britt E. Ide Director | Apr 7, 2026 | Award | +569 | $65.94 | $37.52K | 14,895 |
| John D. Hines VP - Energy Supply & MT Gov | Mar 3, 2026 | Tax withholding | −398 | – | – | 41,972 |
| John D. Hines VP - Energy Supply & MT Gov | Mar 3, 2026 | Award | +1,354 | $68.45 | $92.68K | 42,370 |
| Jason Merkel VP - Distribution | Feb 27, 2026 | Tax withholding | −461 | – | – | 5,616 |
| Jason Merkel VP - Distribution | Feb 27, 2026 | Award | +1,331 | $68.45 | $91.11K | 6,077 |
| Jeffrey B. Berzina Controller | Feb 27, 2026 | Award | +938 | $68.45 | $64.21K | 4,949 |
| Jeffrey B. Berzina Controller | Feb 27, 2026 | Tax withholding | −278 | – | – | 4,671 |
| Shannon Heim VP and General Counsel | Feb 27, 2026 | Tax withholding | −892 | – | – | 8,795 |
| Shannon Heim VP and General Counsel | Feb 27, 2026 | Award | +2,818 | $68.45 | $192.89K | 9,687 |
| Brian B. Bird President and CEO, Director | Feb 27, 2026 | Award | +20,864 | $68.45 | $1.43M | 225,388 |
| Brian B. Bird President and CEO, Director | Feb 27, 2026 | Tax withholding | −7,341 | – | – | 218,047 |
| Michael R. Cashell VP - Transmission | Feb 27, 2026 | Award | +2,453 | $68.45 | $167.91K | 28,105 |
| Michael R. Cashell VP - Transmission | Feb 27, 2026 | Tax withholding | −763 | – | – | 27,342 |
| Jeanne Vold VP - Technology | Feb 27, 2026 | Tax withholding | −478 | – | – | 14,221 |
| Jeanne Vold VP - Technology | Feb 27, 2026 | Award | +1,679 | $68.45 | $114.93K | 14,699 |
| Crystal Dawn Lail VP and CFO | Feb 27, 2026 | Tax withholding | −1,506 | – | – | 35,081 |
| Crystal Dawn Lail VP and CFO | Feb 27, 2026 | Award | +6,186 | $68.45 | $423.43K | 36,587 |
| Bobbi L. Schroeppel VP - HR, Cust Care, Corp Comm | Feb 27, 2026 | Award | +2,464 | $68.45 | $168.66K | 39,128 |
| Bobbi L. Schroeppel VP - HR, Cust Care, Corp Comm | Feb 27, 2026 | Tax withholding | −643 | – | – | 38,485 |
| Bleau LaFave VP - Bus Dvlpmt & Asset Mgmt | Feb 27, 2026 | Award | +671 | $68.45 | $45.93K | 3,694 |
| Bleau LaFave VP - Bus Dvlpmt & Asset Mgmt | Feb 27, 2026 | Tax withholding | −198 | – | – | 3,496 |
| Michael R. Cashell VP - Transmission | Feb 24, 2026 | Tax withholding | −31 | – | – | 25,652 |
| Michael R. Cashell VP - Transmission | Feb 24, 2026 | Award | +1,329 | $68.45 | $90.97K | 25,683 |
| Bobbi L. Schroeppel VP - HR, Cust Care, Corp Comm | Feb 24, 2026 | Tax withholding | −31 | – | – | 36,664 |
| Bobbi L. Schroeppel VP - HR, Cust Care, Corp Comm | Feb 24, 2026 | Award | +1,335 | $68.45 | $91.38K | 36,695 |
| John D. Hines VP - Energy Supply & MT Gov | Feb 24, 2026 | Tax withholding | −57 | – | – | 41,016 |
| John D. Hines VP - Energy Supply & MT Gov | Feb 24, 2026 | Award | +2,474 | $68.45 | $169.35K | 41,073 |
| Brian B. Bird President and CEO, Director | Feb 24, 2026 | Tax withholding | −60 | – | – | 204,524 |
| Brian B. Bird President and CEO, Director | Feb 24, 2026 | Award | +2,587 | $68.45 | $177.08K | 204,584 |
| Shannon Heim VP and General Counsel | Feb 24, 2026 | Tax withholding | −11 | – | – | 6,869 |
| Shannon Heim VP and General Counsel | Feb 24, 2026 | Award | +148 | $68.45 | $10.13K | 6,880 |
| Crystal Dawn Lail VP and CFO | Feb 24, 2026 | Award | +1,260 | $68.45 | $86.25K | 30,430 |
| Crystal Dawn Lail VP and CFO | Feb 24, 2026 | Tax withholding | −29 | – | – | 30,401 |
| Jan Robert Horsfall Director | Feb 3, 2026 | Award | +581 | $64.54 | $37.50K | 10,505 |
| Jeffrey W. Yingling Director | Feb 3, 2026 | Award | +581 | $64.54 | $37.50K | 22,821 |
| Jeffrey B. Berzina Controller | Jan 22, 2026 | Tax withholding | −124 | $64.54 | $8.00K | 3,999 |
| Bobbi L. Schroeppel VP - HR, Cust Care, Corp Comm | Jan 22, 2026 | Tax withholding | −327 | $64.54 | $21.10K | 35,336 |
| Brian B. Bird President and CEO, Director | Jan 22, 2026 | Tax withholding | −2,397 | $64.54 | $154.70K | 201,935 |
| Jason Merkel VP - Distribution | Jan 22, 2026 | Tax withholding | −206 | $64.54 | $13.30K | 4,746 |
| Bleau LaFave VP - Bus Dvlpmt & Asset Mgmt | Jan 22, 2026 | Tax withholding | −89 | $64.54 | $5.74K | 2,722 |
| Michael R. Cashell VP - Transmission | Jan 22, 2026 | Tax withholding | −381 | $64.54 | $24.59K | 24,354 |
| Crystal Dawn Lail VP and CFO | Jan 22, 2026 | Tax withholding | −808 | $64.54 | $52.15K | 29,170 |
| Jeanne Vold VP - Technology | Jan 22, 2026 | Tax withholding | −223 | $64.54 | $14.39K | 13,020 |
| John D. Hines VP - Energy Supply & MT Gov | Jan 15, 2026 | Tax withholding | −84 | $64.54 | $5.42K | 38,599 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Michael R. Cashell Officer, Vice-Transmission | May 2, 2025 | 2,349 | $136.31K | May 2, 2025 | Restricted Stock Vesting |
| Britt E. Ide Director | Feb 25, 2025 | 702 | $38.13K | Feb 25, 2025 | Restricted Stock Vesting |
| Anthony Thomas Clark Director | Dec 12, 2024 | 7,400 | $386.87K | Dec 12, 2024 | Restricted Stock Vesting |
| Britt E. Ide Director | Dec 9, 2024 | 700 | $37.47K | Dec 9, 2024 | Restricted Stock Vesting |
| John D. Hines Officer, EVP-Energy Supply & MT Gov. | May 7, 2024 | 1,565 | $80.05K | May 7, 2024 | Restricted Stock Vesting |
| Britt E. Ide Director | May 3, 2024 | 687 | $35.04K | May 3, 2024 | Restricted Stock Vesting |
| Bobbi L. Schroeppel Officer, VP - HR, Cust Care, Corp Comm. | May 1, 2024 | 1,350 | $68.54K | May 1, 2024 | Restricted Stock Vesting |