NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,836 shares of the company’s stock after selling 1,197 shares during the period. Sanctuary Advisors LLC’s holdings in NorthWestern Energy Group were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NWE. Systematic Financial Management LP grew its position in NorthWestern Energy Group by 11.8% in the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after buying an additional 113,265 shares in the last quarter. FMR LLC boosted its holdings in shares of NorthWestern Energy Group by 17.0% in the third quarter. FMR LLC now owns 759,804 shares of the company’s stock valued at $43,476,000 after acquiring an additional 110,461 shares in the last quarter. Barclays PLC increased its stake in shares of NorthWestern Energy Group by 204.7% during the third quarter. Barclays PLC now owns 110,571 shares of the company’s stock valued at $6,327,000 after acquiring an additional 74,278 shares during the period. Meritage Portfolio Management raised its holdings in NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after purchasing an additional 56,330 shares in the last quarter. Finally, State Street Corp raised its holdings in NorthWestern Energy Group by 1.7% during the third quarter. State Street Corp now owns 2,504,400 shares of the company’s stock worth $143,302,000 after purchasing an additional 42,104 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the sale, the director now owns 11,021 shares of the company’s stock, valued at $598,660.72. This trade represents a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the transaction, the director now owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,802 shares of company stock valued at $460,062. 0.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NWE has been the subject of a number of research reports. Barclays decreased their price target on 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. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note 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 on the stock 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $59.25.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE opened at $55.20 on Thursday. The stock’s fifty day simple moving average is $53.65 and its 200 day simple moving average is $54.30. 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. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $57.49.

NorthWestern Energy Group Increases Dividend

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