NorthWestern Energy Group (NYSE:NWE) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

NorthWestern Energy Group (NYSE:NWE) had its price objective lifted by investment analysts at Wells Fargo & Company from $60.00 to $62.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 7.96% from the company’s current price.

Other research analysts have also issued research reports about the stock. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a report on Wednesday, January 15th. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays reduced their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group has an average rating of “Moderate Buy” and an average target price of $59.42.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock opened at $57.43 on Monday. The stock has a market cap of $3.52 billion, a PE ratio of 15.73, 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. NorthWestern Energy Group has a 12-month low of $47.48 and a 12-month high of $59.52. The business’s 50-day moving average price is $55.35 and its two-hundred day moving average price is $54.53.

Insider Buying and Selling

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 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. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

Institutional Investors Weigh In On NorthWestern Energy Group

Several institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in shares of NorthWestern Energy Group by 391.6% during the fourth quarter. First Trust Advisors LP now owns 999,884 shares of the company’s stock valued at $53,454,000 after buying an additional 796,500 shares during the period. Norges Bank bought a new stake in NorthWestern Energy Group during the fourth quarter valued at about $40,236,000. Raymond James Financial Inc. purchased a new stake in NorthWestern Energy Group in the fourth quarter worth about $29,978,000. DRW Securities LLC bought a new position in shares of NorthWestern Energy Group in the fourth quarter worth about $11,275,000. Finally, Nuveen Asset Management LLC lifted its position in shares of NorthWestern Energy Group by 24.7% during the 4th quarter. Nuveen Asset Management LLC now owns 752,441 shares of the company’s stock valued at $40,225,000 after buying an additional 148,870 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.