NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) Director Britt E. Ide sold 702 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
NorthWestern Energy Group Price Performance
Shares of NorthWestern Energy Group stock traded up $1.08 on Friday, reaching $55.93. The stock had a trading volume of 412,194 shares, compared to its average volume of 392,351. NorthWestern Energy Group, Inc. has a 1 year low of $47.22 and a 1 year high of $57.49. The company has a market cap of $3.43 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. 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 is $53.49 and its two-hundred day moving average is $54.25.
NorthWestern Energy Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.66 per share. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.72%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 72.33%.
Analyst Ratings Changes
A number of brokerages recently weighed in on NWE. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded 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. Finally, Barclays dropped their price objective 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of "Moderate Buy" and an average target price of $59.25.
View Our Latest Report on NWE
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. S.A. Mason LLC bought a new stake in NorthWestern Energy Group during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at $35,000. Quest Partners LLC purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at $45,000. AdvisorNet Financial Inc raised its position in shares of 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 buying an additional 200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock valued at $52,000 after buying an additional 465 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.
NorthWestern Energy Group Company Profile
(
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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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