MetLife Investment Management LLC grew its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,415 shares of the company's stock after buying an additional 4,453 shares during the period. MetLife Investment Management LLC owned 0.17% of NorthWestern Energy Group worth $5,475,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in NWE. First Trust Advisors LP grew its position in shares of NorthWestern Energy Group by 391.6% during the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company's stock worth $53,454,000 after purchasing an additional 796,500 shares in the last quarter. Norges Bank purchased a new stake in NorthWestern Energy Group during the 4th quarter valued at approximately $40,236,000. Raymond James Financial Inc. purchased a new stake in NorthWestern Energy Group during the 4th quarter valued at approximately $29,978,000. DRW Securities LLC bought a new stake in shares of NorthWestern Energy Group during the fourth quarter valued at approximately $11,275,000. Finally, River Road Asset Management LLC lifted its holdings in shares of NorthWestern Energy Group by 6.1% in the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock worth $126,803,000 after buying an additional 136,922 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.
Insider Activity at NorthWestern Energy Group
In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.94% of the stock is currently owned by insiders.
NorthWestern Energy Group Trading Down 0.4 %
NYSE NWE traded down $0.23 during trading hours on Friday, hitting $58.28. 279,157 shares of the company were exchanged, compared to its average volume of 381,482. NorthWestern Energy Group, Inc. has a 52 week low of $48.52 and a 52 week high of $59.52. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $56.19 and a 200 day moving average price of $54.67. The stock has a market cap of $3.57 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33.
NorthWestern Energy Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.53%. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's payout ratio is currently 72.33%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on NWE shares. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price for the company in a research note on Wednesday, January 15th. Wells Fargo & Company lifted their target price on NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $59.92.
View Our Latest Analysis on NorthWestern Energy Group
About NorthWestern Energy Group
(
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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