Sei Investments Co. Cuts Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Sei Investments Co. trimmed its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,290 shares of the company’s stock after selling 37,937 shares during the quarter. Sei Investments Co. owned approximately 0.58% of NorthWestern Energy Group worth $19,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NWE. S.A. Mason LLC acquired a new position in NorthWestern Energy Group during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter worth about $35,000. Quest Partners LLC purchased a new position in NorthWestern Energy Group in the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc boosted its holdings in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after buying an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock worth $52,000 after buying an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Up 0.3 %

Shares of NWE stock opened at $55.67 on Friday. 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, Inc. has a twelve month low of $47.48 and a twelve month high of $57.49. The company’s 50-day moving average price is $54.59 and its 200-day moving average price is $54.50. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.40 and a beta of 0.45.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.74%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. NorthWestern Energy Group’s dividend payout ratio is presently 72.33%.

Insiders Place Their Bets

In related news, Director Britt E. Ide sold 702 shares of the 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 completion of the transaction, the director now owns 11,021 shares of the company’s stock, valued at approximately $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.94% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NWE shares. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays lowered their target price 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. 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 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.25.

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.