NorthWestern Energy Group, Inc. (NYSE:NWE) Holdings Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,922 shares of the company’s stock after selling 430 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NorthWestern Energy Group were worth $1,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NWE. S.A. Mason LLC purchased a new stake in NorthWestern Energy Group in the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of NorthWestern Energy Group in the third quarter worth approximately $35,000. AdvisorNet Financial Inc boosted its holdings in shares of NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after purchasing an additional 200 shares during the period. Steward Partners Investment Advisory LLC grew its position in NorthWestern Energy Group by 91.9% during 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 in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in NorthWestern Energy Group by 280.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock valued at $64,000 after buying an additional 887 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling

In other news, Director Britt E. Ide sold 702 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Barclays boosted their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research note 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, Wells Fargo & Company increased their price objective on NorthWestern Energy Group from $60.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.92.

NorthWestern Energy Group Stock Down 0.4 %

Shares of NorthWestern Energy Group stock opened at $58.28 on Monday. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.52. 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 has a 50 day moving average price of $56.19 and a two-hundred day moving average price of $54.68. The stock has a market capitalization of $3.57 billion, a P/E ratio of 15.97, a PEG ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.66 dividend. The ex-dividend date of this dividend was 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 4.53%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 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.