Edgestream Partners L.P. bought a new position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,752 shares of the company's stock, valued at approximately $575,000.
Other institutional investors and hedge funds have also modified their holdings of the company. S.A. Mason LLC bought a new stake in shares of NorthWestern Energy Group in the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth $35,000. Quest Partners LLC purchased a new position in shares of NorthWestern Energy Group in the 3rd quarter worth $45,000. AdvisorNet Financial Inc boosted its stake in shares of 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 buying an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of NorthWestern Energy Group by 91.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after buying an additional 465 shares during the last quarter. Institutional investors own 96.07% of the company's stock.
Insider Activity at NorthWestern Energy Group
In other news, Director Britt E. Ide sold 702 shares of the business's 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NWE. Barclays dropped their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded 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, Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Three 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.com, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and an average target price of $59.25.
Check Out Our Latest Report on NorthWestern Energy Group
NorthWestern Energy Group Stock Performance
NYSE NWE traded up $0.31 on Friday, hitting $56.10. 639,650 shares of the company traded hands, compared to its average volume of 331,217. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 15.37, a P/E/G 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. The business's 50 day moving average price is $53.98 and its 200-day moving average price is $54.40. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $57.49.
NorthWestern Energy Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.66 per share. 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 annualized dividend and a yield of 4.71%. NorthWestern Energy Group's payout ratio is 72.33%.
NorthWestern Energy Group Company Profile
(
Free Report)
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.
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