Barclays Lowers NorthWestern Energy Group (NYSE:NWE) Price Target to $56.00

NorthWestern Energy Group (NYSE:NWE - Get Free Report) had its price target dropped by analysts at Barclays from $57.00 to $56.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's target price indicates a potential upside of 3.86% from the company's current price.

Other equities analysts also recently issued research reports about the company. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target on the stock in a research report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.25.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock traded up $0.39 on Wednesday, hitting $53.92. The stock had a trading volume of 374,810 shares, compared to its average volume of 374,880. NorthWestern Energy Group has a twelve month low of $47.22 and a twelve month high of $57.49. The business's 50 day moving average is $53.11 and its two-hundred day moving average is $54.11. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.39 and a beta of 0.48.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Britt E. Ide sold 700 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the sale, the director now owns 10,888 shares of the company's stock, valued at $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.94% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meritage Portfolio Management lifted its stake in shares of NorthWestern Energy Group by 1,218.2% in the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company's stock valued at $3,488,000 after acquiring an additional 56,330 shares during the last quarter. XTX Topco Ltd bought a new position in shares of NorthWestern Energy Group in the 3rd quarter valued at $631,000. Systematic Financial Management LP lifted its stake in shares of NorthWestern Energy Group by 11.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock valued at $61,250,000 after acquiring an additional 113,265 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of NorthWestern Energy Group in the 4th quarter valued at $401,000. Finally, International Assets Investment Management LLC lifted its stake in shares of NorthWestern Energy Group by 5,622.1% in the 3rd 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. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Company Profile

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.