NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Lowered by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. trimmed its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,803 shares of the company’s stock after selling 1,386 shares during the period. Meeder Advisory Services Inc.’s holdings in NorthWestern Energy Group were worth $631,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NWE. Norges Bank acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter worth $40,236,000. Raymond James Financial Inc. purchased a new stake in NorthWestern Energy Group in the 4th quarter worth about $29,978,000. River Road Asset Management LLC lifted its stake in NorthWestern Energy Group by 6.1% in the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock worth $126,803,000 after acquiring an additional 136,922 shares in the last quarter. Bank of New York Mellon Corp boosted its position in NorthWestern Energy Group by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after acquiring an additional 135,611 shares during the period. Finally, Systematic Financial Management LP grew its stake 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 in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the firm’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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price for the company in a research note on Wednesday, January 15th. Finally, Barclays lowered their price target 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

NorthWestern Energy Group Stock Down 1.4 %

NorthWestern Energy Group stock opened at $58.10 on Friday. 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, Inc. has a 1-year low of $47.48 and a 1-year high of $59.52. The firm’s fifty day simple moving average is $54.97 and its 200-day simple moving average is $54.60. The company has a market capitalization of $3.56 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.66 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.54%. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s 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.