KBC Group NV Grows Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

KBC Group NV lifted its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 49.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,501 shares of the company’s stock after purchasing an additional 825 shares during the quarter. KBC Group NV’s holdings in NorthWestern Energy Group were worth $134,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in NorthWestern Energy Group during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of NorthWestern Energy Group in the 3rd quarter valued at $35,000. Quest Partners LLC acquired a new position in shares of NorthWestern Energy Group during the 3rd quarter valued at $45,000. AdvisorNet Financial Inc boosted its position in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after purchasing an additional 200 shares during the period. Finally, nVerses Capital LLC increased its holdings in NorthWestern Energy Group by 150.0% in the 3rd quarter. nVerses Capital LLC now owns 1,000 shares of the company’s stock valued at $57,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock opened at $53.54 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The stock has a 50 day moving average of $53.19 and a 200-day moving average of $54.11. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the transaction, the director now owns 10,888 shares of the company’s stock, valued at $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the sale, the director now directly owns 16,816 shares in the company, valued at $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.94% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have commented on NWE shares. Wells Fargo & Company boosted their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target on the stock in a research report on Wednesday, January 15th. JPMorgan Chase & Co. increased their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Barclays boosted their target price on shares of NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

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.