Bridgewater Associates LP acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 59,839 shares of the company’s stock, valued at approximately $3,199,000.
Several other large investors also recently added to or reduced their stakes in NWE. Vanguard Group Inc. grew its holdings in shares of NorthWestern Energy Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company’s stock valued at $366,175,000 after purchasing an additional 56,180 shares during the period. River Road Asset Management LLC raised its position in shares of NorthWestern Energy Group by 6.1% during the 4th 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 lifted its holdings in NorthWestern Energy Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock valued at $87,935,000 after acquiring an additional 35,279 shares during the last quarter. Invesco Ltd. grew its position in NorthWestern Energy Group by 9.9% in the fourth quarter. Invesco Ltd. now owns 904,579 shares of the company’s stock worth $48,359,000 after acquiring an additional 81,852 shares during the period. Finally, Bank of New York Mellon Corp raised its position in NorthWestern Energy Group by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock valued at $47,369,000 after purchasing an additional 135,611 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
NorthWestern Energy Group Trading Up 1.9 %
Shares of NYSE:NWE opened at $58.77 on Friday. NorthWestern Energy Group, Inc. has a 52 week low of $48.47 and a 52 week high of $59.52. The company’s 50 day moving average is $55.55 and its two-hundred day moving average is $54.56. The company has a market cap of $3.60 billion, a PE ratio of 16.10, a P/E/G ratio of 2.40 and a beta of 0.33. 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 Increases Dividend
Insiders Place Their Bets
In other news, Director Britt E. Ide sold 702 shares of the business’s 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 owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
NWE has been the subject of a number of recent analyst reports. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. 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. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday. Finally, LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.
View Our Latest Analysis on NWE
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.
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