State of New Jersey Common Pension Fund D Has $2.02 Million Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

State of New Jersey Common Pension Fund D grew its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,714 shares of the company’s stock after buying an additional 1,063 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of NorthWestern Energy Group worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. S.A. Mason LLC acquired a new position in NorthWestern Energy Group in the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in NorthWestern Energy Group during the 3rd quarter worth about $35,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group during the 3rd quarter worth about $45,000. AdvisorNet Financial Inc grew its stake in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after acquiring an additional 200 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in shares of NorthWestern Energy Group in the 4th quarter valued at about $73,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research note on Wednesday, January 15th. Finally, Barclays decreased their target price 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.

NorthWestern Energy Group Stock Up 0.7 %

NYSE NWE opened at $53.92 on Monday. NorthWestern Energy Group, Inc. has a 1-year low of $47.22 and a 1-year high of $57.49. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.40 and a beta of 0.48. The stock’s 50 day moving average is $53.17 and its two-hundred day moving average is $54.16. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.66 dividend. This is a positive change 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 yield of 4.90%. NorthWestern Energy Group’s payout ratio is currently 71.23%.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were 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 of the company’s stock, valued at approximately $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the sale, the director now directly owns 10,888 shares of the company’s stock, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their position. The disclosure for this sale can be found here. Company 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.