Vestcor Inc Buys Shares of 4,596 NorthWestern Energy Group, Inc. (NYSE:NWE)

Vestcor Inc acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWEFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,596 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its position in NorthWestern Energy Group by 1.7% in the third quarter. State Street Corp now owns 2,504,400 shares of the company’s stock valued at $143,302,000 after purchasing an additional 42,104 shares during the last quarter. River Road Asset Management LLC raised its holdings 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 valued at $126,803,000 after buying an additional 136,922 shares during the last quarter. Geode Capital Management LLC boosted its position in NorthWestern Energy Group by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock worth $87,935,000 after buying an additional 35,279 shares during the period. Systematic Financial Management LP grew 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 worth $61,250,000 after acquiring an additional 113,265 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in NorthWestern Energy Group by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock valued at $47,369,000 after acquiring an additional 135,611 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NWE shares. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays reduced their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $59.25.

Read Our Latest Analysis on NorthWestern Energy Group

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $56.29 on Tuesday. The company has a market cap of $3.45 billion, a P/E ratio of 15.42, a PEG ratio of 2.40 and a beta of 0.45. 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 has a 50-day moving average price of $54.07 and a two-hundred day moving average price of $54.42. NorthWestern Energy Group, Inc. has a 1-year low of $47.48 and a 1-year high of $57.49.

NorthWestern Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.69%. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 72.33%.

NorthWestern Energy Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for NorthWestern Energy Group (NYSE:NWE)

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