Envestnet Asset Management Inc. Purchases 5,650 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Envestnet Asset Management Inc. boosted its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,108 shares of the company's stock after purchasing an additional 5,650 shares during the period. Envestnet Asset Management Inc. owned about 0.22% of NorthWestern Energy Group worth $7,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NWE. Assenagon Asset Management S.A. purchased a new stake in NorthWestern Energy Group in the 4th quarter worth approximately $401,000. Envestnet Portfolio Solutions Inc. raised its position in shares of NorthWestern Energy Group by 14.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock valued at $1,229,000 after purchasing an additional 2,828 shares during the period. Barclays PLC lifted its stake in shares of NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after buying an additional 74,278 shares in the last quarter. Sanctuary Advisors LLC bought a new position in NorthWestern Energy Group in the 3rd quarter worth $286,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in NorthWestern Energy Group in the 4th quarter worth $262,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent analyst reports. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company upped their price target on NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. Barclays lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, LADENBURG THALM/SH SH upgraded 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 report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.92.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group 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 approximately $598,660.72. The trade was a 5.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE traded down $0.55 during midday trading on Friday, reaching $57.96. 55,370 shares of the stock traded hands, compared to its average volume of 380,687. The company's 50 day moving average is $56.08 and its 200 day moving average is $54.65. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $60.00. The stock has a market capitalization of $3.55 billion, a PE ratio of 15.90, a P/E/G ratio of 2.40 and a beta of 0.33. 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 Increases Dividend

The firm also recently disclosed 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 a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Friday, March 14th. NorthWestern Energy Group's dividend payout ratio (DPR) is presently 72.33%.

About NorthWestern Energy Group

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.