Naples Global Advisors LLC Has $1.44 Million Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Naples Global Advisors LLC increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,905 shares of the company’s stock after buying an additional 1,200 shares during the quarter. Naples Global Advisors LLC’s holdings in NorthWestern Energy Group were worth $1,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWE. V Square Quantitative Management LLC bought a new stake in shares of NorthWestern Energy Group in the 3rd quarter worth approximately $26,000. S.A. Mason LLC bought a new position in NorthWestern Energy Group in the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in NorthWestern Energy Group during the third quarter worth $35,000. Quest Partners LLC bought a new stake in NorthWestern Energy Group in the 3rd quarter valued at $45,000. Finally, AdvisorNet Financial Inc increased its holdings in NorthWestern Energy Group by 29.3% in the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after buying an additional 200 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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 raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays increased their target price on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three equities 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 has an average rating of “Moderate Buy” and an average price target of $59.42.

Insiders Place Their Bets

In other NorthWestern Energy Group 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 value of $384,430.00. Following the completion of the transaction, the director now directly owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction that occurred on 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 owns 10,888 shares in the company, valued at $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $52.87 on Friday. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 2.40 and a beta of 0.48. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 1-year low of $46.40 and a 1-year high of $57.49. The company has a 50 day moving average of $53.11 and a 200-day moving average of $54.14.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.66 dividend. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.64 annualized dividend and a yield of 4.99%. NorthWestern Energy Group’s payout ratio is presently 70.08%.

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.