59,839 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Bought by Bridgewater Associates LP

Bridgewater Associates LP acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 59,839 shares of the company's stock, valued at approximately $3,199,000. Bridgewater Associates LP owned about 0.10% of NorthWestern Energy Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in NorthWestern Energy Group during the 4th quarter valued at about $401,000. Envestnet Portfolio Solutions Inc. grew its holdings in NorthWestern Energy Group by 14.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock valued at $1,229,000 after purchasing an additional 2,828 shares during the last quarter. Barclays PLC grew its holdings in NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after purchasing an additional 74,278 shares during the last quarter. Sanctuary Advisors LLC bought a new position in NorthWestern Energy Group during the 3rd quarter valued at about $286,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in NorthWestern Energy Group during the 4th quarter valued at about $262,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Down 1.0 %

NYSE:NWE traded down $0.57 during midday trading on Wednesday, reaching $58.21. 63,530 shares of the stock traded hands, compared to its average volume of 488,571. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.52. The business has a 50-day moving average of $55.82 and a two-hundred day moving average of $54.60. 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 $3.57 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.66 per share. 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. This represents a $2.64 dividend on an annualized basis and a yield of 4.54%. NorthWestern Energy Group's dividend payout ratio is presently 72.33%.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NWE. LADENBURG THALM/SH SH upgraded 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 research note on Wednesday, January 15th. Barclays upped their target price on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Three research 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.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $59.92.

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.