NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 904,579 shares of the company’s stock after acquiring an additional 81,852 shares during the period. Invesco Ltd.’s holdings in NorthWestern Energy Group were worth $48,359,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NWE. S.A. Mason LLC bought a new position in NorthWestern Energy Group in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in NorthWestern Energy Group in the 3rd quarter worth approximately $35,000. AdvisorNet Financial Inc increased its position in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after acquiring an additional 200 shares during the period. Steward Partners Investment Advisory LLC raised its stake 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 acquiring an additional 465 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in NorthWestern Energy Group by 280.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock worth $64,000 after acquiring an additional 887 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 transaction, the director now owns 11,021 shares in the company, valued at $598,660.72. This represents a 5.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NWE shares. Wells Fargo & Company lifted their price objective on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday. Barclays dropped 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 research report on Wednesday, February 19th. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective on the stock in a research note on Wednesday, January 15th. Finally, Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.42.

NorthWestern Energy Group Price Performance

NWE stock opened at $57.43 on Wednesday. The firm has a 50-day moving average of $55.35 and a two-hundred day moving average of $54.53. The firm has a market capitalization of $3.52 billion, a PE ratio of 15.73, a P/E/G ratio of 2.40 and a beta of 0.33. 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 one year low of $47.48 and a one year high of $59.52.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.66 dividend. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date was Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a yield of 4.60%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 72.33%.

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.