BTG Pactual Asset Management US LLC Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

BTG Pactual Asset Management US LLC purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,668 shares of the company's stock, valued at approximately $1,105,000.

Several other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. purchased a new position in shares of NorthWestern Energy Group during the 4th quarter valued at about $401,000. Envestnet Portfolio Solutions Inc. increased its holdings in NorthWestern Energy Group by 14.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock valued at $1,229,000 after acquiring an additional 2,828 shares during the last quarter. Barclays PLC lifted its position in shares of NorthWestern Energy Group by 204.7% in the third quarter. Barclays PLC now owns 110,571 shares of the company's stock worth $6,327,000 after buying an additional 74,278 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of NorthWestern Energy Group during the 3rd quarter valued at approximately $286,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in NorthWestern Energy Group in the fourth quarter worth $262,000. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Trading Up 1.9 %

Shares of NWE traded up $1.08 during trading hours on Friday, reaching $58.77. 596,292 shares of the company traded hands, compared to its average volume of 377,921. The stock's fifty day moving average price is $55.55 and its 200 day moving average price is $54.56. 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 firm has a market cap of $3.60 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 2.40 and a beta of 0.33. NorthWestern Energy Group, Inc. has a 12-month low of $48.47 and a 12-month high of $59.52.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.49%. NorthWestern Energy Group's dividend payout ratio (DPR) is 72.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective for the company in a research note on Wednesday, January 15th. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays decreased their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company boosted their price objective on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.42.

Insider Activity

In related news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.94% of the company's stock.

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.