4,900 Shares in NorthWestern Energy Group, Inc. (NYSE:NWE) Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. purchased a new position in NorthWestern Energy Group, Inc. (NYSE:NWE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,900 shares of the company’s stock, valued at approximately $262,000.

Other hedge funds also recently modified their holdings of the company. Meritage Portfolio Management raised its holdings in shares of NorthWestern Energy Group by 1,218.2% in the 3rd 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 during the period. XTX Topco Ltd bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth approximately $631,000. Systematic Financial Management LP raised its holdings in shares of 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 worth $61,250,000 after purchasing an additional 113,265 shares during the period. Assenagon Asset Management S.A. purchased a new position in NorthWestern Energy Group in the 4th quarter valued at approximately $401,000. Finally, International Assets Investment Management LLC raised its holdings 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 valued at $563,000 after acquiring an additional 9,670 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. 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 on the stock in a report on Wednesday, January 15th. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays boosted their target price on shares of NorthWestern Energy Group from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of “Moderate Buy” and a consensus target price of $59.42.

NorthWestern Energy Group Trading Down 1.7 %

NorthWestern Energy Group stock opened at $51.96 on Friday. The stock has a market cap of $3.19 billion, a P/E ratio of 14.01, a PEG ratio of 2.40 and a beta of 0.48. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.78 and a fifty-two week high of $57.49. The firm’s fifty day moving average price is $53.06 and its 200-day moving average price is $54.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45.

NorthWestern Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 5.08%. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio is presently 70.08%.

Insider Transactions at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 700 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the transaction, the director now owns 10,888 shares of the company’s stock, valued at $583,270.16. This represents a 6.04 % 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 Anthony Thomas Clark sold 7,400 shares of the 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 completion of the transaction, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. This represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 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.