Connor Clark & Lunn Investment Management Ltd. Invests $631,000 in NorthWestern Energy Group, Inc. (NYSE:NWE)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,797 shares of the company's stock, valued at approximately $631,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atria Investments Inc purchased a new position in NorthWestern Energy Group in the 3rd quarter worth approximately $202,000. KBC Group NV lifted its position in NorthWestern Energy Group by 38.4% during the third quarter. KBC Group NV now owns 1,676 shares of the company's stock worth $96,000 after buying an additional 465 shares in the last quarter. Quest Partners LLC acquired a new position in NorthWestern Energy Group during the third quarter worth $45,000. PNC Financial Services Group Inc. boosted its stake in NorthWestern Energy Group by 2.5% during the third quarter. PNC Financial Services Group Inc. now owns 26,608 shares of the company's stock worth $1,523,000 after buying an additional 644 shares during the last quarter. Finally, Commerce Bank grew its holdings in NorthWestern Energy Group by 6.3% in the 3rd quarter. Commerce Bank now owns 9,900 shares of the company's stock valued at $566,000 after buying an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Up 1.5 %

NorthWestern Energy Group stock traded up $0.84 during trading on Wednesday, hitting $55.49. The company had a trading volume of 439,750 shares, compared to its average volume of 343,136. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 1-year low of $47.48 and a 1-year high of $57.49. The company's 50 day simple moving average is $54.52 and its 200-day simple moving average is $54.48.

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NorthWestern Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio is currently 72.33%.

Insider Activity

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the sale, the director now owns 11,021 shares of the company's stock, valued at $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on NWE shares. Barclays reduced their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a report on Wednesday, February 19th. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective for the company 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's stock. According to data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and a consensus target price 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.