Jacobi Capital Management LLC Makes New Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Jacobi Capital Management LLC acquired a new position in NorthWestern Energy Group, Inc. (NYSE:NWE) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,957 shares of the company’s stock, valued at approximately $265,000.

A number of other large investors have also modified their holdings of NWE. S.A. Mason LLC acquired a new position in shares of NorthWestern Energy Group in the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB acquired a new position in shares of NorthWestern Energy Group in the third quarter worth about $35,000. Quest Partners LLC acquired a new position in shares of NorthWestern Energy Group in the third quarter worth about $45,000. AdvisorNet Financial Inc raised its position in shares of NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after acquiring an additional 200 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new position in shares of NorthWestern Energy Group in the fourth quarter worth about $73,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the sale, the director now owns 10,888 shares of the company’s stock, valued at approximately $583,270.16. This represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction 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. This trade represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,802 shares of company stock valued at $460,062. Corporate insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Up 1.3 %

Shares of NYSE NWE opened at $56.64 on Tuesday. NorthWestern Energy Group, Inc. has a 12-month low of $47.48 and a 12-month high of $57.49. The stock has a market cap of $3.47 billion, a PE ratio of 15.52, a P/E/G ratio of 2.40 and a beta of 0.48. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $53.56 and a 200 day moving average of $54.28.

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 paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio is currently 72.33%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NWE. Barclays decreased 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 report 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 investment 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, the stock 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.