NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $57.94 and last traded at $57.86, with a volume of 66806 shares traded. The stock had previously closed at $56.80.
Analyst Ratings Changes
Several analysts recently commented on the company. 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. Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. 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 research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.
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NorthWestern Energy Group Trading Down 1.4 %
The company's 50-day moving average is $54.97 and its 200-day moving average is $54.60. 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 firm has a market cap of $3.56 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 2.40 and a beta of 0.33.
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 dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.54%. This is a positive change 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 dividend payout ratio is presently 72.33%.
Insider Activity at NorthWestern Energy Group
In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the stock in a transaction 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 transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On NorthWestern Energy Group
A number of institutional investors and hedge funds have recently made changes to their positions in NWE. S.A. Mason LLC acquired a new stake in NorthWestern Energy Group in the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter worth approximately $35,000. AdvisorNet Financial Inc grew 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 buying an additional 200 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of NorthWestern Energy Group by 91.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after buying an additional 465 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in NorthWestern Energy Group by 280.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after buying an additional 887 shares during the period. Institutional investors own 96.07% of the company's stock.
NorthWestern Energy Group Company Profile
(
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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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