Raymond James Financial Inc. Makes New $29.98 Million Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Raymond James Financial Inc. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 560,771 shares of the company's stock, valued at approximately $29,978,000. Raymond James Financial Inc. owned about 0.91% of NorthWestern Energy Group as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter valued at $631,000. Systematic Financial Management LP boosted its stake in NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock worth $61,250,000 after acquiring an additional 113,265 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in NorthWestern Energy Group during the fourth quarter worth $401,000. Intech Investment Management LLC bought a new position in NorthWestern Energy Group during the third quarter worth $703,000. Finally, Barclays PLC boosted its stake in NorthWestern Energy Group by 204.7% during the third quarter. Barclays PLC now owns 110,571 shares of the company's stock worth $6,327,000 after acquiring an additional 74,278 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Stock Down 0.6 %

Shares of NorthWestern Energy Group stock traded down $0.36 during trading hours on Tuesday, reaching $55.93. The company's stock had a trading volume of 503,164 shares, compared to its average volume of 332,711. NorthWestern Energy Group, Inc. has a one year low of $47.48 and a one year high of $57.49. The company has a market capitalization of $3.43 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.40 and a beta of 0.45. The stock's fifty day simple moving average is $54.07 and its two-hundred day simple moving average is $54.42. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

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NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.72%. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. NorthWestern Energy Group's dividend payout ratio (DPR) is 72.33%.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. This trade 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 is available at this link. Insiders own 0.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price on the stock in a research note on Wednesday, January 15th. Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays cut their target price on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.