NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 128,321 shares of the company's stock after selling 9,455 shares during the quarter. Russell Investments Group Ltd. owned 0.21% of NorthWestern Energy Group worth $6,860,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NWE. S.A. Mason LLC bought a new stake in shares of NorthWestern Energy Group in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group in the third quarter worth about $35,000. AdvisorNet Financial Inc increased its stake in NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after acquiring an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in 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 purchasing an additional 465 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 280.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

NorthWestern Energy Group Stock Up 1.9 %

NorthWestern Energy Group stock traded up $1.08 during midday trading on Friday, reaching $58.77. The company's stock had a trading volume of 596,292 shares, compared to its average volume of 378,260. NorthWestern Energy Group, Inc. has a fifty-two week low of $48.52 and a fifty-two week high of $59.52. The company has a market cap of $3.60 billion, a P/E ratio of 16.10, a P/E/G ratio of 2.40 and a beta of 0.33. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The business has a 50-day simple moving average of $55.63 and a 200-day simple moving average of $54.57.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.66 dividend. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a yield of 4.49%. The ex-dividend date was Friday, March 14th. NorthWestern Energy Group's dividend payout ratio is currently 72.33%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays decreased 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. Wells Fargo & Company raised their price objective on NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an "overweight" rating in a research report on Monday. LADENBURG THALM/SH SH upgraded 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. Finally, Guggenheim raised shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $59.42.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 702 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 $598,660.72. This represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

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.