Atria Wealth Solutions Inc. Acquires 1,565 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Atria Wealth Solutions Inc. grew its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 14.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,080 shares of the company’s stock after acquiring an additional 1,565 shares during the period. Atria Wealth Solutions Inc.’s holdings in NorthWestern Energy Group were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in NorthWestern Energy Group by 5,622.1% during the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock worth $563,000 after purchasing an additional 9,670 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of NorthWestern Energy Group by 7.1% during the third 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 during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 81.0% in the third quarter. Nisa Investment Advisors LLC now owns 50,926 shares of the company’s stock worth $2,914,000 after acquiring an additional 22,784 shares during the period. First Trust Direct Indexing L.P. acquired a new position in shares of NorthWestern Energy Group in the third quarter worth approximately $251,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its position in NorthWestern Energy Group by 0.6% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at NorthWestern Energy Group

In other news, Director Anthony Thomas Clark sold 7,400 shares of the business’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 completion of the sale, the director now directly owns 16,816 shares of the company’s stock, valued at $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Britt E. Ide sold 702 shares of the firm’s stock in a transaction dated 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 directly owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,802 shares of company stock valued at $460,062 over the last ninety days. 0.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NWE. Barclays dropped their price target on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock 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 report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.25.

NorthWestern Energy Group Trading Down 0.5 %

NWE opened at $54.56 on Thursday. The company has a fifty day moving average price of $53.37 and a two-hundred day moving average price of $54.19. 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 cap of $3.35 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.49. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.66 per share. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date is Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.84%. NorthWestern Energy Group’s payout ratio is currently 72.33%.

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.