Vestcor Inc purchased a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,596 shares of the company's stock, valued at approximately $246,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in NWE. S.A. Mason LLC purchased a new stake in NorthWestern Energy Group in the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $35,000. Quest Partners LLC acquired a new position in NorthWestern Energy Group in the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc raised its stake in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock valued at $47,000 after acquiring an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company's stock worth $52,000 after acquiring an additional 465 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.
NorthWestern Energy Group Price Performance
Shares of NYSE NWE traded down $0.86 on Friday, hitting $55.32. The company's stock had a trading volume of 2,667,240 shares, compared to its average volume of 341,599. The stock has a 50 day moving average of $54.30 and a 200-day moving average of $54.46. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 12-month low of $47.48 and a 12-month high of $57.49. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.
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 $0.66 dividend. This is an increase from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.77%. NorthWestern Energy Group's payout ratio is presently 72.33%.
Insider Activity at NorthWestern Energy Group
In other news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction on 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 of the company's stock, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.57% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on NWE. Barclays cut their price target on 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. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price for the company in a research note on Wednesday, January 15th. Finally, Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.25.
Read Our Latest Report on NWE
About NorthWestern Energy Group
(
Free Report)
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.
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