NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lowered its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 917,497 shares of the company's stock after selling 177,217 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.50% of NorthWestern Energy Group worth $49,049,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NWE. O Shaughnessy Asset Management LLC lifted its position in NorthWestern Energy Group by 18.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,869 shares of the company's stock valued at $421,000 after buying an additional 1,245 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of NorthWestern Energy Group by 9.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,754 shares of the company's stock valued at $249,000 after acquiring an additional 422 shares in the last quarter. Norges Bank acquired a new stake in NorthWestern Energy Group in the 4th quarter valued at $40,236,000. Prudential Financial Inc. raised its position in NorthWestern Energy Group by 44.1% in the fourth quarter. Prudential Financial Inc. now owns 63,611 shares of the company's stock valued at $3,511,000 after purchasing an additional 19,458 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of NorthWestern Energy Group by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock worth $366,175,000 after purchasing an additional 56,180 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

NWE has been the topic of several analyst reports. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of 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. 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 note on Wednesday, January 15th. 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 company presently has an average rating of "Moderate Buy" and a consensus price target of $59.25.

NorthWestern Energy Group Stock Down 1.8 %

Shares of NWE stock traded down $1.03 during mid-day trading on Thursday, reaching $54.66. 144,416 shares of the company were exchanged, compared to its average volume of 372,875. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The business's 50 day simple moving average is $55.12 and its 200 day simple moving average is $54.54. The company has a market capitalization of $3.35 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.40 and a beta of 0.33. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $59.52.

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 $0.66 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.83%. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's payout ratio is presently 72.33%.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the company'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 transaction of $38,132.64. Following the sale, the director now owns 11,021 shares in the company, valued at $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.94% of the company's stock.

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.