Prudential Financial Inc. Grows Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Prudential Financial Inc. raised its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 44.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,611 shares of the company's stock after purchasing an additional 19,458 shares during the period. Prudential Financial Inc. owned 0.10% of NorthWestern Energy Group worth $3,511,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NWE. S.A. Mason LLC acquired a new stake in shares of NorthWestern Energy Group during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NorthWestern Energy Group during the third quarter worth about $35,000. AdvisorNet Financial Inc raised its position in shares of NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock valued at $47,000 after buying an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC lifted 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 valued at $52,000 after buying an additional 465 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in NorthWestern Energy Group by 280.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock worth $64,000 after acquiring an additional 887 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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NorthWestern Energy Group Trading Down 1.4 %

Shares of NYSE:NWE traded down $0.80 during trading on Thursday, reaching $58.10. 582,271 shares of the stock were exchanged, compared to its average volume of 364,721. The firm's 50-day moving average price is $54.89 and its 200 day moving average price is $54.57. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33. NorthWestern Energy Group, Inc. has a 12-month low of $47.48 and a 12-month high of $59.52. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed 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 4.54%. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio is presently 72.33%.

Insider Activity at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the 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 approximately $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company's stock.

Wall Street Analysts Forecast Growth

NWE has been the topic of a number of recent analyst reports. 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 raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays dropped 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group has an average rating of "Moderate Buy" and an average price target of $59.25.

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.