Advisors Asset Management Inc. Has $7.14 Million Stock Holdings in NorthWestern Energy Group, Inc. $NWE

Advisors Asset Management Inc. boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 12.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,836 shares of the company’s stock after acquiring an additional 13,886 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.20% of NorthWestern Energy Group worth $7,141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in NorthWestern Energy Group by 1.0% in the 3rd quarter. New York State Common Retirement Fund now owns 19,320 shares of the company’s stock valued at $1,132,000 after buying an additional 200 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in NorthWestern Energy Group by 34.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after acquiring an additional 216 shares during the period. Assenagon Asset Management S.A. lifted its stake in NorthWestern Energy Group by 2.5% during the third quarter. Assenagon Asset Management S.A. now owns 10,462 shares of the company’s stock worth $613,000 after purchasing an additional 259 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of NorthWestern Energy Group by 1.5% in the third quarter. Arizona State Retirement System now owns 18,156 shares of the company’s stock worth $1,064,000 after buying an additional 269 shares during the period. Finally, Creative Planning lifted its stake in NorthWestern Energy Group by 2.9% in the second quarter. Creative Planning now owns 10,678 shares of the company’s stock worth $548,000 after acquiring an additional 303 shares during the period. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Stock Up 0.1%

NYSE NWE opened at $68.45 on Thursday. NorthWestern Energy Group, Inc. has a one year low of $50.46 and a one year high of $71.25. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The business has a fifty day moving average price of $66.50 and a 200 day moving average price of $61.90. The company has a market cap of $4.21 billion, a P/E ratio of 18.75, a P/E/G ratio of 2.40 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lowered shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $58.00 to $53.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price objective on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Finally, Barclays boosted their target price on NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NorthWestern Energy Group has a consensus rating of “Hold” and an average target price of $58.40.

NorthWestern Energy Group Company Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.