Victory Capital Management Inc. Lowers Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Victory Capital Management Inc. reduced its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 53.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 875,459 shares of the company's stock after selling 987,782 shares during the period. Victory Capital Management Inc. owned approximately 1.43% of NorthWestern Energy Group worth $46,802,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. S.A. Mason LLC purchased a new position in shares of NorthWestern Energy Group during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group in the third quarter worth $35,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group in the third quarter valued at $45,000. AdvisorNet Financial Inc boosted 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 worth $47,000 after purchasing an additional 200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake 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 worth $52,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction dated 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by corporate insiders.

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NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock traded down $0.78 during trading on Wednesday, hitting $54.51. 475,908 shares of the company were exchanged, compared to its average volume of 421,376. The firm has a 50 day moving average price of $53.84 and a 200 day moving average price of $54.37. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 2.40 and a beta of 0.45. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $57.49.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Friday, March 14th. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio (DPR) is currently 72.33%.

Wall Street Analyst Weigh In

NWE has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating for the company in a research note on Wednesday, February 19th. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 price target on the stock in a research note on Wednesday, January 15th. Finally, Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.25.

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.