Brandywine Global Investment Management LLC Sells 28,335 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Brandywine Global Investment Management LLC cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,506 shares of the company's stock after selling 28,335 shares during the period. Brandywine Global Investment Management LLC owned about 0.34% of NorthWestern Energy Group worth $11,200,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at about $40,236,000. Raymond James Financial Inc. purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth $29,978,000. River Road Asset Management LLC grew its position in shares of NorthWestern Energy Group by 6.1% during the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock valued at $126,803,000 after acquiring an additional 136,922 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NorthWestern Energy Group by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock worth $47,369,000 after purchasing an additional 135,611 shares in the last quarter. Finally, Systematic Financial Management LP lifted its position in NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock valued at $61,250,000 after purchasing an additional 113,265 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent analyst reports. Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays lowered their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research 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 research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.25.

NorthWestern Energy Group Price Performance

NYSE:NWE traded down $0.80 during trading hours on Thursday, reaching $58.10. The stock had a trading volume of 582,271 shares, compared to its average volume of 364,435. The company has a 50 day moving average price of $54.89 and a two-hundred day moving average price of $54.57. NorthWestern Energy Group, Inc. has a 52 week low of $47.48 and a 52 week high of $59.52. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $3.56 billion, a PE ratio of 15.92, a PEG ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 represents a $2.64 annualized dividend and a yield of 4.54%. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio (DPR) is 72.33%.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group 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.