Cibc World Markets Corp Purchases Shares of 5,769 NorthWestern Energy Group, Inc. (NYSE:NWE)

Cibc World Markets Corp acquired a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,769 shares of the company’s stock, valued at approximately $308,000.

Other hedge funds have also modified their holdings of the company. Atria Investments Inc purchased a new stake in NorthWestern Energy Group during the 3rd quarter worth about $202,000. Quest Partners LLC purchased a new stake in shares of NorthWestern Energy Group during the third quarter worth approximately $45,000. PNC Financial Services Group Inc. lifted its stake in NorthWestern Energy Group by 2.5% in the third quarter. PNC Financial Services Group Inc. now owns 26,608 shares of the company’s stock worth $1,523,000 after acquiring an additional 644 shares during the last quarter. Commerce Bank grew its holdings in NorthWestern Energy Group by 6.3% during the 3rd quarter. Commerce Bank now owns 9,900 shares of the company’s stock worth $566,000 after acquiring an additional 587 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in NorthWestern Energy Group during the 3rd quarter worth approximately $703,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the business’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. The trade was a 5.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.94% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NWE shares. LADENBURG THALM/SH SH raised shares of 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. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays lowered their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.25.

NorthWestern Energy Group Stock Up 0.5 %

Shares of NYSE NWE opened at $55.57 on Tuesday. The business has a 50-day moving average price of $54.47 and a 200 day moving average price of $54.48. The stock has a market cap of $3.41 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week 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. Stockholders of record on Friday, March 14th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.75%. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. NorthWestern Energy Group’s payout ratio is presently 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.