NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Acquired by Invesco Ltd.

Invesco Ltd. increased its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 9.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 904,579 shares of the company’s stock after purchasing an additional 81,852 shares during the period. Invesco Ltd. owned 1.48% of NorthWestern Energy Group worth $48,359,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in shares of NorthWestern Energy Group by 36.0% in the fourth quarter. Cerity Partners LLC now owns 10,435 shares of the company’s stock worth $564,000 after buying an additional 2,763 shares during the period. Federated Hermes Inc. lifted its position in NorthWestern Energy Group by 3.8% during the 4th quarter. Federated Hermes Inc. now owns 78,026 shares of the company’s stock worth $4,171,000 after acquiring an additional 2,835 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in NorthWestern Energy Group by 4.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 133,108 shares of the company’s stock worth $7,116,000 after acquiring an additional 5,650 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in NorthWestern Energy Group in the fourth quarter valued at approximately $361,000. Finally, Wells Fargo & Company MN raised its stake in shares of NorthWestern Energy Group by 24.9% during the fourth quarter. Wells Fargo & Company MN now owns 86,827 shares of the company’s stock valued at $4,642,000 after purchasing an additional 17,336 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NWE has been the subject of several analyst reports. Barclays decreased their target price on shares of 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 upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price objective on NorthWestern Energy Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Insiders Place Their Bets

In related news, Director Britt E. Ide sold 702 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the sale, the director now owns 11,021 shares in the company, valued at $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

NorthWestern Energy Group Trading Up 0.4 %

Shares of NYSE NWE opened at $57.43 on Wednesday. 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 stock’s 50 day moving average price is $55.35 and its two-hundred day moving average price is $54.53. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $59.52. The stock has a market capitalization of $3.52 billion, a P/E ratio of 15.73, a PEG ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a yield of 4.60%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 72.33%.

About NorthWestern Energy Group

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.