EverSource Wealth Advisors LLC Buys 887 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

EverSource Wealth Advisors LLC lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 280.7% in the 4th quarter, HoldingsChannel reports. The fund owned 1,203 shares of the company’s stock after purchasing an additional 887 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NorthWestern Energy Group were worth $64,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. S.A. Mason LLC bought a new position in shares of NorthWestern Energy Group in the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in NorthWestern Energy Group during the 3rd quarter valued at about $35,000. Quest Partners LLC acquired a new position in NorthWestern Energy Group during the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc increased its position in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $52,000 after buying an additional 465 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 stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the sale, the director now owns 11,021 shares in the company, valued at $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.57% of the company’s stock.

NorthWestern Energy Group Stock Up 0.8 %

NorthWestern Energy Group stock opened at $56.40 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The business’s 50-day simple moving average is $54.23 and its two-hundred day simple moving average is $54.45. The company has a market cap of $3.46 billion, a PE ratio of 15.45, a PEG ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.48 and a fifty-two week high of $57.49.

NorthWestern Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is presently 72.33%.

Analyst Ratings Changes

Several brokerages recently issued reports on NWE. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research report on Wednesday, January 15th. Finally, Barclays reduced their target price 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. 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 currently has a consensus rating of “Moderate Buy” and an average target price of $59.25.

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.