Advisors Asset Management Inc. Acquires 34,221 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Advisors Asset Management Inc. boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 40.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,043 shares of the company’s stock after buying an additional 34,221 shares during the period. Advisors Asset Management Inc.’s holdings in NorthWestern Energy Group were worth $6,311,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in NorthWestern Energy Group by 1.7% during the third quarter. State Street Corp now owns 2,504,400 shares of the company’s stock valued at $143,302,000 after buying an additional 42,104 shares during the period. River Road Asset Management LLC boosted its stake in NorthWestern Energy Group by 6.1% during 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 during the period. Geode Capital Management LLC boosted its stake in NorthWestern Energy Group by 2.3% during 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 during the period. Systematic Financial Management LP boosted its stake in NorthWestern Energy Group by 11.8% during 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 during the period. Finally, Bank of New York Mellon Corp lifted its stake in NorthWestern Energy Group by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after purchasing an additional 135,611 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, 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 at this link. Company insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NWE shares. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a research note on Wednesday, January 15th. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays dropped their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.25.

NorthWestern Energy Group Stock Down 0.6 %

NWE opened at $55.93 on Wednesday. The company has a market cap of $3.43 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.40 and a beta of 0.45. The business’s 50-day moving average price is $54.15 and its 200-day moving average price is $54.43. 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, Inc. has a 12 month low of $47.48 and a 12 month high of $57.49.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.72%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is currently 72.33%.

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.