Quantbot Technologies LP Buys Shares of 2,143 NorthWestern Energy Group, Inc. (NYSE:NWE)

Quantbot Technologies LP purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,143 shares of the company’s stock, valued at approximately $115,000.

Other hedge funds have also recently modified their holdings of the company. State Street Corp lifted 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 period. River Road Asset Management LLC lifted its holdings in shares of 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 period. Geode Capital Management LLC boosted its stake in shares of NorthWestern Energy Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock valued at $87,935,000 after buying an additional 35,279 shares in the last quarter. Systematic Financial Management LP grew its holdings in NorthWestern Energy Group by 11.8% during the third 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 period. Finally, Bank of New York Mellon Corp raised its position in NorthWestern Energy Group by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after acquiring an additional 135,611 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays lowered 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 note on Wednesday, February 19th. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a research report on Wednesday, January 15th. 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, NorthWestern Energy Group has a consensus rating of “Moderate Buy” and an average target price of $59.25.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $57.87 on Tuesday. 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 company has a market capitalization of $3.55 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The stock has a fifty day moving average of $54.71 and a 200-day moving average of $54.52. NorthWestern Energy Group, Inc. has a one year low of $47.48 and a one year high of $58.06.

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 paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a yield of 4.56%. 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%.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.