NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 415,165 shares of the company's stock after selling 103,647 shares during the period. JPMorgan Chase & Co. owned 0.68% of NorthWestern Energy Group worth $22,195,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NWE. XTX Topco Ltd acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter worth approximately $631,000. Assenagon Asset Management S.A. purchased a new position in NorthWestern Energy Group in the fourth quarter worth approximately $401,000. Envestnet Portfolio Solutions Inc. increased its stake in NorthWestern Energy Group by 14.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock worth $1,229,000 after acquiring an additional 2,828 shares during the last quarter. Barclays PLC raised its position in NorthWestern Energy Group by 204.7% in the third quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after purchasing an additional 74,278 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of NorthWestern Energy Group in the 3rd quarter valued at $286,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Up 1.0 %

NWE traded up $0.55 during trading hours on Tuesday, hitting $57.73. 44,092 shares of the company's stock were exchanged, compared to its average volume of 488,593. The firm has a 50 day moving average of $55.27 and a 200 day moving average of $54.51. The firm has a market cap of $3.54 billion, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 12-month low of $47.48 and a 12-month high of $59.52.

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NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.57%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Friday, March 14th. NorthWestern Energy Group's payout ratio is presently 72.33%.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 702 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was 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 directly owns 11,021 shares of the company's stock, valued at approximately $598,660.72. This represents a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price objective on the stock in a report on Wednesday, January 15th. Finally, Barclays dropped their target price on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.

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.