Mariner LLC Has $842,000 Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Mariner LLC lifted its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,750 shares of the company’s stock after buying an additional 3,381 shares during the quarter. Mariner LLC’s holdings in NorthWestern Energy Group were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NWE. Norges Bank acquired a new position in NorthWestern Energy Group during the 4th quarter valued at $40,236,000. Raymond James Financial Inc. acquired a new stake in shares of NorthWestern Energy Group during the fourth quarter worth approximately $29,978,000. DRW Securities LLC acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $11,275,000. River Road Asset Management LLC increased its holdings in shares of NorthWestern Energy Group by 6.1% in the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock valued at $126,803,000 after purchasing an additional 136,922 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of 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 valued at $47,369,000 after purchasing an additional 135,611 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on NWE shares. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. 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 on the stock in a research report on Wednesday, January 15th. Finally, Barclays boosted their price objective on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.92.

NorthWestern Energy Group Stock Up 0.9 %

Shares of NWE stock opened at $58.80 on Tuesday. The firm has a market capitalization of $3.61 billion, a P/E ratio of 16.11, a PEG ratio of 2.40 and a beta of 0.33. The firm’s fifty day moving average price is $56.30 and its two-hundred day moving average price is $54.70. NorthWestern Energy Group, Inc. has a 1 year low of $48.52 and a 1 year high of $59.52. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Friday, March 14th. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is 72.33%.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the firm’s 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 completion of the sale, the director now directly owns 11,021 shares of the company’s stock, valued at $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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.