Bank of New York Mellon Corp Grows Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Bank of New York Mellon Corp raised its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 886,066 shares of the company's stock after acquiring an additional 135,611 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.45% of NorthWestern Energy Group worth $47,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWE. International Assets Investment Management LLC boosted its stake in NorthWestern Energy Group by 5,622.1% in the third quarter. International Assets Investment Management LLC now owns 9,842 shares of the company's stock valued at $563,000 after acquiring an additional 9,670 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in NorthWestern Energy Group by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 7,234 shares of the company's stock valued at $413,000 after acquiring an additional 480 shares during the last quarter. First Trust Direct Indexing L.P. purchased a new position in NorthWestern Energy Group in the third quarter valued at about $251,000. Van ECK Associates Corp lifted its stake in shares of NorthWestern Energy Group by 7.0% during the 3rd quarter. Van ECK Associates Corp now owns 17,540 shares of the company's stock valued at $970,000 after buying an additional 1,155 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 24.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,757 shares of the company's stock valued at $387,000 after buying an additional 1,343 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This trade represents a 6.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares in the company, valued at $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,802 shares of company stock worth $460,062. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Price Performance

Shares of NWE traded up $1.08 during midday trading on Friday, hitting $56.14. 647,290 shares of the company traded hands, compared to its average volume of 405,979. The stock has a 50-day moving average of $53.75 and a 200-day moving average of $54.33. NorthWestern Energy Group, Inc. has a one year low of $47.48 and a one year high of $57.49. The firm has a market cap of $3.44 billion, a P/E ratio of 15.38, a PEG ratio of 2.40 and a beta of 0.45. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.70%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. NorthWestern Energy Group's dividend payout ratio is 72.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NWE. Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays reduced their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective on the stock in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.