Wells Fargo & Company Boosts NorthWestern Energy Group (NYSE:NWE) Price Target to $62.00

NorthWestern Energy Group (NYSE:NWE - Get Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $60.00 to $62.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 5.50% from the company's previous close.

Several other research analysts have also commented on NWE. Barclays cut their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 19th. Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.42.

NorthWestern Energy Group Trading Up 1.9 %

NYSE NWE traded up $1.08 during mid-day trading on Monday, hitting $58.77. The company's stock had a trading volume of 596,292 shares, compared to its average volume of 378,260. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group has a 52-week low of $48.52 and a 52-week high of $59.52. The stock's fifty day simple moving average is $55.63 and its two-hundred day simple moving average is $54.57. The firm has a market capitalization of $3.60 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33.

Insider Buying and Selling at NorthWestern Energy Group

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in shares of NorthWestern Energy Group during the fourth quarter worth about $401,000. Envestnet Portfolio Solutions Inc. grew its holdings in NorthWestern Energy Group by 14.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company's stock worth $1,229,000 after buying an additional 2,828 shares in the last quarter. Barclays PLC raised its stake in NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company's stock valued at $6,327,000 after acquiring an additional 74,278 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of NorthWestern Energy Group in the third quarter worth $286,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of NorthWestern Energy Group during the fourth quarter valued at $262,000. 96.07% of the stock is currently owned by institutional investors.

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.