Bank of New York Mellon Corp Has $47.37 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Bank of New York Mellon Corp grew its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 886,066 shares of the company’s stock after purchasing an additional 135,611 shares during the quarter. Bank of New York Mellon Corp owned about 1.45% of NorthWestern Energy Group worth $47,369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. S.A. Mason LLC bought a new position in NorthWestern Energy Group in the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at about $35,000. Quest Partners LLC acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc boosted its position in NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in NorthWestern Energy Group in the fourth quarter valued at about $73,000. Institutional investors own 96.07% of the company’s stock.

Insider Activity

In related news, Director Anthony Thomas Clark sold 7,400 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Britt E. Ide sold 700 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now directly owns 10,888 shares in the company, valued at approximately $583,270.16. This represents a 6.04 % decrease in their ownership of the stock. 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 currently owned by company insiders.

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $55.20 on Thursday. 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 firm has a fifty day simple moving average of $53.65 and a 200 day simple moving average of $54.30. 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 capitalization of $3.39 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 2.40 and a beta of 0.45.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 4.78%. NorthWestern Energy Group’s dividend payout ratio is presently 72.33%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays dropped 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 note on Wednesday, February 19th. LADENBURG THALM/SH SH raised 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 note on Wednesday, January 15th. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.25.

NorthWestern Energy Group Company 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.