Insider Selling: NorthWestern Energy Group, Inc. (NYSE:NWE) Director Sells 702 Shares of Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide sold 702 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares of the company’s stock, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $55.93 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. NorthWestern Energy Group, Inc. has a 52-week low of $47.22 and a 52-week high of $57.49. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The company’s 50 day moving average is $53.49 and its two-hundred day moving average is $54.23.

NorthWestern Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, March 14th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 4.72%. NorthWestern Energy Group’s dividend payout ratio is 72.33%.

Institutional Investors Weigh In On NorthWestern Energy Group

Hedge funds have recently added to or reduced their stakes in the business. Meritage Portfolio Management lifted its holdings in NorthWestern Energy Group by 1,218.2% during the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after buying an additional 56,330 shares in the last quarter. XTX Topco Ltd acquired a new stake in NorthWestern Energy Group during the 3rd quarter worth approximately $631,000. Systematic Financial Management LP lifted its holdings in NorthWestern Energy Group by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after buying an additional 113,265 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in NorthWestern Energy Group during the 4th quarter worth approximately $401,000. Finally, International Assets Investment Management LLC lifted its holdings in NorthWestern Energy Group by 5,622.1% during the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock worth $563,000 after buying an additional 9,670 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NWE. Barclays decreased 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 report on Wednesday, February 19th. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report 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 price objective on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $59.25.

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.