DRW Securities LLC Buys New Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

DRW Securities LLC bought a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 210,900 shares of the company's stock, valued at approximately $11,275,000. NorthWestern Energy Group makes up about 0.4% of DRW Securities LLC's holdings, making the stock its 29th biggest holding. DRW Securities LLC owned about 0.34% of NorthWestern Energy Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Captrust Financial Advisors purchased a new stake in NorthWestern Energy Group during the 3rd quarter worth approximately $259,000. State Street Corp raised its position in shares of NorthWestern Energy Group by 1.7% during the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company's stock worth $143,302,000 after purchasing an additional 42,104 shares during the period. Zacks Investment Management acquired a new stake in NorthWestern Energy Group in the third quarter worth $248,000. XTX Topco Ltd bought a new stake in NorthWestern Energy Group in the third quarter valued at $631,000. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of NorthWestern Energy Group by 2.8% during the third quarter. Orion Portfolio Solutions LLC now owns 32,194 shares of the company's stock valued at $1,842,000 after acquiring an additional 892 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NWE shares. 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 report on Monday. 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 report on Wednesday, January 15th. Barclays cut their price target on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.42.

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NorthWestern Energy Group Trading Up 1.2 %

NYSE NWE traded up $0.67 on Monday, hitting $56.93. 77,220 shares of the stock were exchanged, compared to its average volume of 374,411. The company's 50-day moving average price is $55.21 and its two-hundred day moving average price is $54.51. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $59.52. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 15.60, a P/E/G 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 was Friday, March 14th. This is a positive change 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 4.64%. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 72.33%.

Insider Buying and Selling

In other news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group 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 completion of the sale, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is currently owned by corporate insiders.

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.