Britt E. Ide Sells 702 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE) Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide sold 702 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the sale, the director now owns 11,021 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link.

NorthWestern Energy Group Stock Performance

Shares of NWE stock traded down $0.37 on Wednesday, hitting $54.47. 189,996 shares of the stock traded hands, compared to its average volume of 378,640. The company has a market capitalization of $3.34 billion, a PE ratio of 14.92, a PEG ratio of 2.40 and a beta of 0.49. NorthWestern Energy Group, Inc. has a 1-year low of $47.22 and a 1-year high of $57.49. The company’s fifty day moving average is $53.29 and its 200 day moving average is $54.19. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.66 dividend. 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. This represents a $2.64 annualized dividend and a dividend yield of 4.85%. NorthWestern Energy Group’s dividend payout ratio is presently 72.33%.

Analyst Ratings Changes

A number of brokerages have weighed in on NWE. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price objective on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Finally, LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its position in shares of NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after purchasing an additional 9,670 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of NorthWestern Energy Group by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,234 shares of the company’s stock worth $413,000 after acquiring an additional 480 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of NorthWestern Energy Group by 81.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 50,926 shares of the company’s stock valued at $2,914,000 after acquiring an additional 22,784 shares during the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of NorthWestern Energy Group in the 3rd quarter valued at approximately $251,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in NorthWestern Energy Group by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock worth $3,559,000 after purchasing an additional 375 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.