Wealthfront Advisers LLC bought a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 8,844 shares of the company's stock, valued at approximately $473,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake 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 valued at $143,302,000 after purchasing an additional 42,104 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of NorthWestern Energy Group by 6.1% in the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock valued at $126,803,000 after buying an additional 136,922 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of NorthWestern Energy Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company's stock valued at $87,935,000 after buying an additional 35,279 shares in the last quarter. Systematic Financial Management LP boosted its stake in shares of NorthWestern Energy Group by 11.8% in the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company's stock valued at $61,250,000 after buying an additional 113,265 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of NorthWestern Energy Group by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock valued at $47,369,000 after buying an additional 135,611 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently weighed in on NWE. Barclays decreased their price target on 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. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Moderate Buy" and a consensus price target of $59.25.
Check Out Our Latest Research Report on NorthWestern Energy Group
Insider Transactions at NorthWestern Energy Group
In related news, Director Britt E. Ide sold 702 shares of the company's 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 transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.
NorthWestern Energy Group Price Performance
NWE stock traded down $0.22 during midday trading on Thursday, hitting $56.18. 449,643 shares of the stock were exchanged, compared to its average volume of 332,029. The stock's 50-day moving average price is $54.23 and its 200-day moving average price is $54.45. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 2.40 and a beta of 0.45. 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 debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.
NorthWestern Energy Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.70%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. NorthWestern Energy Group's payout ratio is 72.33%.
NorthWestern Energy Group Company Profile
(
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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