Britt E. Ide Sells 702 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE) Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide sold 702 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $54.85 on Friday. NorthWestern Energy Group, Inc. has a 12 month low of $47.22 and a 12 month high of $57.49. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The business’s 50 day simple moving average is $53.42 and its 200 day simple moving average is $54.20. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.40 and a beta of 0.49.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.66 dividend. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.81%. NorthWestern Energy Group’s dividend payout ratio is presently 72.33%.

Institutional Investors Weigh In On NorthWestern Energy Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meritage Portfolio Management raised 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 valued at $3,488,000 after acquiring an additional 56,330 shares during the period. XTX Topco Ltd bought a new stake in NorthWestern Energy Group during the 3rd quarter valued at $631,000. Systematic Financial Management LP raised 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 valued at $61,250,000 after acquiring an additional 113,265 shares during the period. Assenagon Asset Management S.A. bought a new stake in NorthWestern Energy Group during the 4th quarter valued at $401,000. Finally, International Assets Investment Management LLC raised 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 valued at $563,000 after acquiring an additional 9,670 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NWE. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research note on Wednesday, January 15th. Finally, Barclays cut their target price on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.

NorthWestern Energy Group Company Profile

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.