EverSource Wealth Advisors LLC Increases Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

EverSource Wealth Advisors LLC lifted its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 280.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,203 shares of the company’s stock after purchasing an additional 887 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in NorthWestern Energy Group were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wealthfront Advisers LLC purchased a new position in shares of NorthWestern Energy Group in the 4th quarter worth approximately $473,000. Inspire Advisors LLC boosted its holdings in shares of NorthWestern Energy Group by 11.1% in the 4th quarter. Inspire Advisors LLC now owns 33,698 shares of the company’s stock worth $1,802,000 after purchasing an additional 3,365 shares during the period. River Road Asset Management LLC boosted its holdings in shares of NorthWestern Energy Group by 6.1% in the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock worth $126,803,000 after purchasing an additional 136,922 shares during the period. AlphaQuest LLC boosted its holdings in shares of NorthWestern Energy Group by 241.0% in the 4th quarter. AlphaQuest LLC now owns 2,667 shares of the company’s stock worth $143,000 after purchasing an additional 1,885 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of NorthWestern Energy Group in the 4th quarter worth approximately $575,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

NWE has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a report on Wednesday, January 15th. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, NorthWestern Energy Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.

NorthWestern Energy Group Trading Up 0.8 %

Shares of NYSE NWE opened at $56.40 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $54.23 and a two-hundred day simple moving average of $54.45. The firm has a market cap of $3.46 billion, a PE ratio of 15.45, a price-to-earnings-growth 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.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 4.68%. NorthWestern Energy Group’s payout ratio is 72.33%.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the business’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 transaction, the director now directly owns 11,021 shares of the company’s stock, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.57% of the stock is currently owned by corporate insiders.

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.