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

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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.

Get Our Latest Stock Report on NWE

NorthWestern Energy Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NorthWestern Energy Group (NYSE:NWE)

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