4,957 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Acquired by Jacobi Capital Management LLC

Jacobi Capital Management LLC bought a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,957 shares of the company's stock, valued at approximately $265,000.

Several other large investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in shares of NorthWestern Energy Group by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock worth $47,369,000 after purchasing an additional 135,611 shares during the last quarter. Systematic Financial Management LP lifted its holdings in NorthWestern Energy Group by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock worth $61,250,000 after buying an additional 113,265 shares during the last quarter. FMR LLC boosted its position in shares of NorthWestern Energy Group by 17.0% during the 3rd quarter. FMR LLC now owns 759,804 shares of the company's stock worth $43,476,000 after acquiring an additional 110,461 shares in the last quarter. Barclays PLC increased its holdings in shares of NorthWestern Energy Group by 204.7% in the 3rd quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after acquiring an additional 74,278 shares during the last quarter. Finally, Meritage Portfolio Management increased its holdings in shares of NorthWestern Energy Group by 1,218.2% in the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company's stock valued at $3,488,000 after acquiring an additional 56,330 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

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NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock traded up $1.08 during midday trading on Friday, reaching $56.14. The company's stock had a trading volume of 610,995 shares, compared to its average volume of 405,154. The firm has a market capitalization of $3.44 billion, a PE ratio of 15.38, a P/E/G ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $57.49. The stock's 50 day simple moving average is $53.68 and its 200 day simple moving average is $54.31. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

NorthWestern Energy Group Increases Dividend

The firm 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 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 4.70%. NorthWestern Energy Group's dividend payout ratio is 72.33%.

Insiders Place Their Bets

In other news, Director Anthony Thomas Clark sold 7,400 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the sale, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the transaction, the director now owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,802 shares of company stock valued at $460,062. Insiders own 0.94% of the company's stock.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target for the company in a report on Wednesday, January 15th. Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays dropped their target price on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $59.25.

NorthWestern Energy Group Company 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.