Hager Investment Management Services LLC Takes Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Hager Investment Management Services LLC purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,075 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its position in shares of NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of NorthWestern Energy Group by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company’s stock valued at $2,736,000 after purchasing an additional 254 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of NorthWestern Energy Group by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company’s stock valued at $738,000 after purchasing an additional 350 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after purchasing an additional 359 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its holdings in NorthWestern Energy Group by 0.6% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after acquiring an additional 375 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NWE has been the topic of several analyst reports. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays boosted their price target on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. LADENBURG THALM/SH SH upgraded 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. Finally, StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

NorthWestern Energy Group Stock Down 0.5 %

NorthWestern Energy Group stock opened at $53.51 on Wednesday. The stock has a market cap of $3.28 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 2.42 and a beta of 0.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49. The stock has a fifty day moving average of $53.22 and a 200 day moving average of $54.10.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the sale, the director now owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the transaction, the director now directly owns 10,888 shares of the company’s stock, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.57% 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.