DRW Securities LLC Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

DRW Securities LLC bought a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 210,900 shares of the company’s stock, valued at approximately $11,275,000. NorthWestern Energy Group makes up about 0.4% of DRW Securities LLC’s investment portfolio, making the stock its 29th biggest position. DRW Securities LLC owned approximately 0.34% of NorthWestern Energy Group as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NWE. Raymond James Financial Inc. purchased a new stake in NorthWestern Energy Group during the 4th quarter worth approximately $29,978,000. Martingale Asset Management L P grew its position in NorthWestern Energy Group by 5.4% in the fourth quarter. Martingale Asset Management L P now owns 48,971 shares of the company’s stock worth $2,618,000 after acquiring an additional 2,530 shares during the period. Advisory Services Network LLC increased its stake in NorthWestern Energy Group by 39.2% during the fourth quarter. Advisory Services Network LLC now owns 6,231 shares of the company’s stock worth $333,000 after acquiring an additional 1,756 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter worth about $445,000. Finally, Invesco Ltd. raised its stake in shares of NorthWestern Energy Group by 9.9% in the 4th quarter. Invesco Ltd. now owns 904,579 shares of the company’s stock valued at $48,359,000 after acquiring an additional 81,852 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Energy Group Stock Up 0.1 %

NWE opened at $54.76 on Wednesday. The business’s 50-day simple moving average is $55.05 and its 200-day simple moving average is $54.54. The stock has a market capitalization of $3.36 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a one year low of $47.48 and a one year high of $59.52.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.82%. The ex-dividend date was Friday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is 72.33%.

Analysts Set New Price Targets

Several research firms recently issued reports on NWE. Barclays decreased their target price 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. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Moderate Buy” and an average price target of $59.25.

Insider Activity

In related news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group 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 sale, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.94% of the company’s stock.

NorthWestern Energy Group 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.