Resona Asset Management Co. Ltd. Invests $361,000 in NorthWestern Energy Group, Inc. (NYSE:NWE)

Resona Asset Management Co. Ltd. purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,745 shares of the company's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors bought a new position in NorthWestern Energy Group in the third quarter valued at $259,000. State Street Corp boosted its holdings in shares of NorthWestern Energy Group by 1.7% in the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company's stock worth $143,302,000 after purchasing an additional 42,104 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of NorthWestern Energy Group during the 3rd quarter valued at about $631,000. Orion Portfolio Solutions LLC boosted its stake in NorthWestern Energy Group by 2.8% in the third quarter. Orion Portfolio Solutions LLC now owns 32,194 shares of the company's stock worth $1,842,000 after buying an additional 892 shares in the last quarter. Finally, Barclays PLC grew its position in NorthWestern Energy Group by 204.7% during the third 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 during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Trading Up 0.4 %

NWE stock traded up $0.25 on Tuesday, reaching $57.43. The company's stock had a trading volume of 352,334 shares, compared to its average volume of 375,190. 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 business has a fifty day simple moving average of $55.27 and a two-hundred day simple moving average of $54.51. The firm has a market cap of $3.52 billion, a PE ratio of 15.73, a PEG 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 $60.78.

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NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.66 dividend. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Friday, March 14th. NorthWestern Energy Group's dividend payout ratio is presently 72.33%.

Analysts Set New Price Targets

Several research firms recently commented on NWE. Barclays reduced 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 report 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 objective 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, Wells Fargo & Company lifted their price target on NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an "overweight" rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of "Moderate Buy" and an average target price of $59.42.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm's stock in a transaction 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 owns 11,021 shares of the company's stock, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by company insiders.

NorthWestern Energy Group 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.