Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 11,797 NorthWestern Energy Group, Inc. (NYSE:NWE)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,797 shares of the company’s stock, valued at approximately $631,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWE. S.A. Mason LLC acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $35,000. Quest Partners LLC acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $45,000. AdvisorNet Financial Inc grew its position in shares of 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 purchasing an additional 200 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its position in shares of NorthWestern Energy Group by 91.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $52,000 after purchasing an additional 465 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Performance

NWE opened at $55.32 on Friday. The firm has a market capitalization of $3.39 billion, a PE ratio of 15.16, a PEG ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a twelve month low of $47.48 and a twelve month high of $57.49. The firm’s 50-day moving average price is $54.39 and its 200 day moving average price is $54.47. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.66 per share. 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 dividend on an annualized basis and a yield of 4.77%. NorthWestern Energy Group’s payout ratio is presently 72.33%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on NWE shares. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research report on Wednesday, January 15th. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays dropped their target price 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.25.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the transaction, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.

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.