Cibc World Markets Corp Invests $308,000 in NorthWestern Energy Group, Inc. (NYSE:NWE)

Cibc World Markets Corp acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,769 shares of the company's stock, valued at approximately $308,000.

Other large investors have also recently added to or reduced their stakes in the company. S.A. Mason LLC purchased a new position in shares of NorthWestern Energy Group during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group in the third quarter valued at about $35,000. Quest Partners LLC purchased a new position in NorthWestern Energy Group in the third quarter valued at about $45,000. AdvisorNet Financial Inc increased its position in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NWE traded up $0.18 during midday trading on Thursday, reaching $55.67. The company's stock had a trading volume of 337,179 shares, compared to its average volume of 343,518. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a fifty day simple moving average of $54.59 and a 200 day simple moving average of $54.50. The stock has a market cap 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 twelve month low of $47.48 and a twelve month high of $57.49.

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NorthWestern Energy Group Increases Dividend

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

Wall Street Analyst Weigh In

NWE has been the subject of several recent research reports. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target on the stock in a research note on Wednesday, January 15th. Finally, Barclays cut their price target on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. 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.com, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.25.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm'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 value of $38,132.64. Following the completion of the sale, the director now owns 11,021 shares in the company, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.