By otakuyassine3@gmail.com 
CIBC Private Wealth Group LLC increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,754 shares of the company’s stock after buying an additional 422 shares during the period. CIBC Private Wealth Group LLC’s holdings in NorthWestern Energy Group were worth $249,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in NorthWestern Energy Group during the 3rd quarter valued at about $631,000. Assenagon Asset Management S.A. bought a new position in shares of NorthWestern Energy Group during the fourth quarter valued at approximately $401,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of NorthWestern Energy Group by 14.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,989 shares of the company’s stock valued at $1,229,000 after purchasing an additional 2,828 shares in the last quarter. Barclays PLC increased its holdings 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 buying an additional 74,278 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in NorthWestern Energy Group in the third quarter worth approximately $286,000. 96.07% of the stock is currently owned by institutional investors.
NorthWestern Energy Group Trading Down 3.0 %
Shares of NYSE:NWE opened at $56.33 on Monday. The business’s 50-day moving average is $55.02 and its 200 day moving average is $54.57. 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, Inc. has a 1 year low of $47.48 and a 1 year high of $59.52. The firm has a market capitalization of $3.45 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.40 and a beta of 0.33.
NorthWestern Energy Group Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.69%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio is 72.33%.
Analysts Set New Price Targets
Several brokerages have issued reports on NWE. Barclays dropped their target price on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report 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 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 report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, NorthWestern Energy Group has an average rating of “Moderate Buy” and an average target price of $59.25.
Get Our Latest Stock Analysis on NorthWestern Energy Group
Insider Activity 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 transaction, the director now directly owns 11,021 shares of the company’s stock, valued at $598,660.72. This represents a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by 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.
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