Norges Bank Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Norges Bank bought a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 752,631 shares of the company's stock, valued at approximately $40,236,000. Norges Bank owned about 1.23% of NorthWestern Energy Group at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of NorthWestern Energy Group by 0.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company's stock worth $2,736,000 after purchasing an additional 254 shares during the period. Exchange Traded Concepts LLC boosted its holdings in NorthWestern Energy Group by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company's stock worth $738,000 after acquiring an additional 350 shares during the period. Xponance Inc. boosted its holdings in NorthWestern Energy Group by 5.1% in the 4th quarter. Xponance Inc. now owns 8,729 shares of the company's stock worth $467,000 after acquiring an additional 421 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in NorthWestern Energy Group by 91.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

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Analyst Upgrades and Downgrades

NWE has been the subject of a number of analyst reports. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays decreased their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $59.25.

Insider Activity

In other news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was 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 approximately $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.94% of the company's stock.

NorthWestern Energy Group Stock Down 0.4 %

Shares of NWE traded down $0.25 during trading on Thursday, reaching $55.44. The company's stock had a trading volume of 98,209 shares, compared to its average volume of 493,756. The company has a fifty day moving average of $55.12 and a two-hundred day moving average of $54.54. NorthWestern Energy Group, Inc. has a twelve month low of $47.48 and a twelve month high of $59.52. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.40 and a beta of 0.33. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.76%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, March 14th. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 72.33%.

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.