NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 15.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,288,228 shares of the company's stock after selling 578,634 shares during the period. American Century Companies Inc. owned approximately 5.36% of NorthWestern Energy Group worth $175,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its holdings 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 buying an additional 200 shares during the period. Nisa Investment Advisors LLC boosted its position 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 increased 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 valued at $738,000 after purchasing an additional 350 shares during the last quarter. Xponance Inc. raised its position in NorthWestern Energy Group by 5.1% in the fourth quarter. Xponance Inc. now owns 8,729 shares of the company's stock valued at $467,000 after purchasing an additional 421 shares during the period. Finally, KBC Group NV lifted its stake in NorthWestern Energy Group by 38.4% during the third quarter. KBC Group NV now owns 1,676 shares of the company's stock worth $96,000 after purchasing an additional 465 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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NorthWestern Energy Group Stock Performance

Shares of NYSE:NWE traded up $0.18 on Thursday, reaching $55.67. The company's stock had a trading volume of 337,179 shares, compared to its average volume of 343,037. The stock's 50-day moving average is $54.57 and its two-hundred day moving average is $54.49. 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 capitalization of $3.41 billion, a P/E ratio of 15.25, a PEG ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $57.49.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, March 14th. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 72.33%.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 702 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the sale, the director now directly owns 11,021 shares of the company's stock, valued at approximately $598,660.72. This represents a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NWE shares. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays decreased their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.25.

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.