Teacher Retirement System of Texas Boosts Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Teacher Retirement System of Texas boosted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,899 shares of the company's stock after buying an additional 8,816 shares during the period. Teacher Retirement System of Texas owned approximately 0.08% of NorthWestern Energy Group worth $2,507,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of NWE. Xponance Inc. raised its stake in shares of NorthWestern Energy Group by 5.1% in the 4th quarter. Xponance Inc. now owns 8,729 shares of the company's stock valued at $467,000 after acquiring an additional 421 shares during the period. Advisors Asset Management Inc. raised its position in NorthWestern Energy Group by 40.8% in the fourth quarter. Advisors Asset Management Inc. now owns 118,043 shares of the company's stock valued at $6,311,000 after purchasing an additional 34,221 shares during the period. Thrivent Financial for Lutherans lifted its stake in NorthWestern Energy Group by 20.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 443,148 shares of the company's stock worth $23,690,000 after purchasing an additional 76,114 shares in the last quarter. William Blair Investment Management LLC lifted its stake in NorthWestern Energy Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 552,052 shares of the company's stock worth $29,513,000 after purchasing an additional 13,352 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at $308,000. Institutional investors and hedge funds own 96.07% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Guggenheim raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. 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 report on Wednesday, January 15th. Finally, Barclays lowered 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $59.25.

NorthWestern Energy Group Stock Up 2.0 %

NWE stock traded up $1.13 during mid-day trading on Friday, reaching $56.80. The company had a trading volume of 579,298 shares, compared to its average volume of 361,333. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $57.49. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. 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 firm has a fifty day simple moving average of $54.64 and a 200 day simple moving average of $54.51.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's payout ratio is presently 72.33%.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the business'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 sale, the director now owns 11,021 shares in the company, valued at $598,660.72. The trade was 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 through the SEC website. 0.94% of the stock is currently owned by corporate insiders.

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.