Corebridge Financial Inc. Cuts Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Corebridge Financial Inc. cut its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 99,604 shares of the company's stock after selling 5,395 shares during the period. Corebridge Financial Inc. owned 0.16% of NorthWestern Energy Group worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of NWE. S.A. Mason LLC purchased a new position in shares of NorthWestern Energy Group in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in NorthWestern Energy Group during the 3rd quarter worth about $35,000. Quest Partners LLC purchased a new stake in NorthWestern Energy Group during the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc grew its stake in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock valued at $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of NorthWestern Energy Group by 91.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock valued at $52,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock traded down $0.80 during mid-day trading on Thursday, hitting $58.10. The company had a trading volume of 582,271 shares, compared to its average volume of 364,721. 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 market capitalization of $3.56 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.40 and a beta of 0.33. The company's fifty day moving average is $54.97 and its 200-day moving average is $54.60. NorthWestern Energy Group, Inc. has a 12-month low of $47.48 and a 12-month high of $59.52.

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NorthWestern Energy Group Increases Dividend

The company also recently declared 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 represents a $2.64 annualized dividend and a yield of 4.54%. The ex-dividend date was Friday, March 14th. 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 currently 72.33%.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction dated 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 in the company, valued at $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on NWE. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays decreased their price objective on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective on the stock in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.25.

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.