Corebridge Financial Inc. Decreases Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Corebridge Financial Inc. decreased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 99,604 shares of the company’s stock after selling 5,395 shares during the quarter. Corebridge Financial Inc.’s holdings in NorthWestern Energy Group were worth $5,325,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NWE. Vanguard Group Inc. grew its holdings in NorthWestern Energy Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company’s stock valued at $366,175,000 after buying an additional 56,180 shares in the last quarter. State Street Corp boosted its position in shares of NorthWestern Energy Group by 1.7% during the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company’s stock valued at $143,302,000 after acquiring an additional 42,104 shares during the last quarter. River Road Asset Management LLC grew its holdings in shares of NorthWestern Energy Group by 6.1% in 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 purchasing an additional 136,922 shares in the last quarter. Geode Capital Management LLC increased its position 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 worth $87,935,000 after purchasing an additional 35,279 shares during the last quarter. Finally, Systematic Financial Management LP raised 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 purchasing an additional 113,265 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWE. Guggenheim raised shares of 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 price target for the company in a research report on Wednesday, January 15th. Finally, Barclays reduced their price objective 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

NorthWestern Energy Group Price Performance

NWE stock opened at $56.80 on Friday. The stock has a market cap of $3.48 billion, a PE ratio of 15.56, a P/E/G ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 12 month low of $47.48 and a 12 month high of $57.49. The company has a 50-day moving average price of $54.64 and a 200 day moving average price of $54.51. 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

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.66 per share. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.65%. NorthWestern Energy Group’s dividend 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.