Global Retirement Partners LLC Cuts Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Global Retirement Partners LLC cut its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,695 shares of the company’s stock after selling 325 shares during the quarter. Global Retirement Partners LLC’s holdings in NorthWestern Energy Group were worth $91,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its holdings in NorthWestern Energy Group by 29.3% in the fourth 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. Nisa Investment Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company’s stock valued at $2,736,000 after purchasing an additional 254 shares during the period. Exchange Traded Concepts LLC boosted its holdings in NorthWestern Energy Group by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company’s stock worth $738,000 after buying an additional 350 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock worth $452,000 after buying an additional 359 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its position in NorthWestern Energy Group by 0.6% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NWE shares. Barclays reduced their price target on shares of 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. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a report 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 analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $59.25.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Britt E. Ide sold 702 shares of the stock in a transaction 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 transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. This represents a 5.99 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,802 shares of company stock worth $460,062. Corporate insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $54.85 on Friday. 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 fifty day moving average price is $53.42 and its two-hundred day moving average price is $54.20. The stock has a market cap of $3.36 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. NorthWestern Energy Group, Inc. has a one year low of $47.22 and a one year high of $57.49.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.66 dividend. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.81%. NorthWestern Energy Group’s payout ratio is presently 72.33%.

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.