Naples Global Advisors LLC Acquires 1,200 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Naples Global Advisors LLC boosted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,905 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Naples Global Advisors LLC’s holdings in NorthWestern Energy Group were worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Stockman Wealth Management Inc. grew its position in shares of NorthWestern Energy Group by 1.9% during the 4th quarter. Stockman Wealth Management Inc. now owns 105,678 shares of the company’s stock worth $5,650,000 after buying an additional 1,955 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in NorthWestern Energy Group during the fourth quarter valued at approximately $262,000. Crewe Advisors LLC increased its stake in NorthWestern Energy Group by 26.8% in the fourth quarter. Crewe Advisors LLC now owns 5,593 shares of the company’s stock valued at $299,000 after purchasing an additional 1,183 shares in the last quarter. Money Concepts Capital Corp raised its holdings in NorthWestern Energy Group by 2.0% in the fourth quarter. Money Concepts Capital Corp now owns 36,453 shares of the company’s stock worth $1,949,000 after purchasing an additional 715 shares during the period. Finally, Spirit of America Management Corp NY boosted its position in shares of NorthWestern Energy Group by 90.0% during the fourth quarter. Spirit of America Management Corp NY now owns 1,900 shares of the company’s stock worth $102,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

NYSE:NWE opened at $52.87 on Friday. NorthWestern Energy Group, Inc. has a 52-week low of $46.40 and a 52-week high of $57.49. The company has a market cap of $3.24 billion, a P/E ratio of 14.25, a P/E/G ratio of 2.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The stock’s 50-day simple moving average is $53.11 and its 200 day simple moving average is $54.14.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.66 per share. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.99%. NorthWestern Energy Group’s payout ratio is 70.08%.

Analyst Ratings Changes

NWE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lifted their target price on NorthWestern Energy Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.42.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the sale, the director now directly owns 10,888 shares of the company’s stock, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.94% of the company’s stock.

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.