NorthWestern Energy Group, Inc. (NYSE:NWE) Position Boosted by Wells Fargo & Company MN

Wells Fargo & Company MN raised its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 24.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,827 shares of the company’s stock after acquiring an additional 17,336 shares during the quarter. Wells Fargo & Company MN owned 0.14% of NorthWestern Energy Group worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of NorthWestern Energy Group by 18.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,869 shares of the company’s stock valued at $421,000 after buying an additional 1,245 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in NorthWestern Energy Group by 9.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,754 shares of the company’s stock worth $249,000 after buying an additional 422 shares during the period. Norges Bank acquired a new stake in NorthWestern Energy Group during the fourth quarter worth about $40,236,000. Prudential Financial Inc. raised its stake in shares of NorthWestern Energy Group by 44.1% in the fourth quarter. Prudential Financial Inc. now owns 63,611 shares of the company’s stock valued at $3,511,000 after purchasing an additional 19,458 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of NorthWestern Energy Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company’s stock worth $366,175,000 after acquiring an additional 56,180 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NWE. Wells Fargo & Company boosted their price target on NorthWestern Energy Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. Barclays dropped their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective on the stock in a research note on Wednesday, January 15th. Finally, Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, NorthWestern Energy Group has an average rating of “Moderate Buy” and an average price target of $59.42.

NorthWestern Energy Group Stock Up 1.9 %

NWE stock opened at $58.77 on Monday. The business’s 50 day simple moving average is $55.63 and its 200 day simple moving average is $54.55. NorthWestern Energy Group, Inc. has a 1-year low of $48.52 and a 1-year high of $59.52. The firm has a market capitalization of $3.60 billion, a PE ratio of 16.10, a PEG ratio of 2.40 and a beta of 0.33. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.66 per share. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.49%. NorthWestern Energy Group’s payout ratio is presently 72.33%.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction dated Tuesday, February 25th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

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.