Wells Fargo & Company MN Purchases 17,336 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Wells Fargo & Company MN lifted its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 24.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,827 shares of the company's stock after buying an additional 17,336 shares during the quarter. Wells Fargo & Company MN owned about 0.14% of NorthWestern Energy Group worth $4,642,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NWE. S.A. Mason LLC bought a new position in shares of NorthWestern Energy Group in the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new position in NorthWestern Energy Group during the 3rd quarter worth $35,000. AdvisorNet Financial Inc lifted its holdings in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after buying an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in NorthWestern Energy Group by 91.9% in 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 during the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of NorthWestern Energy Group by 280.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after buying an additional 887 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

NorthWestern Energy Group Stock Down 0.6 %

NWE traded down $0.35 during trading on Wednesday, reaching $58.43. The company had a trading volume of 431,106 shares, compared to its average volume of 380,442. The business's fifty day moving average price is $55.82 and its 200 day moving average price is $54.60. 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 12 month low of $48.52 and a 12 month high of $59.59. The company has a market cap of $3.58 billion, a P/E ratio of 16.01, a PEG ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.66 dividend. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.52%. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 72.33%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NWE. Barclays upped their price target on NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research note on Tuesday. Wells Fargo & Company upped their target price on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. 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 for the company in a research report on Wednesday, January 15th. 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 company's stock. According to MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Moderate Buy" and an average price target of $59.92.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the sale, the director now directly owns 11,021 shares in the company, valued at approximately $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 is accessible through this link. 0.94% of the stock is owned by corporate insiders.

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.