Thrivent Financial for Lutherans Increases Stake in NorthWestern Energy Group, Inc. $NWE

Thrivent Financial for Lutherans boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,885 shares of the company’s stock after buying an additional 34,892 shares during the quarter. Thrivent Financial for Lutherans’ holdings in NorthWestern Energy Group were worth $28,654,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NorthWestern Energy Group during the 2nd quarter worth approximately $321,000. Sequoia Financial Advisors LLC acquired a new position in shares of NorthWestern Energy Group during the 2nd quarter valued at $347,000. Pacer Advisors Inc. acquired a new position in NorthWestern Energy Group during the 3rd quarter worth approximately $1,100,000. Systematic Financial Management LP boosted its holdings in NorthWestern Energy Group by 2.7% in the second quarter. Systematic Financial Management LP now owns 1,145,309 shares of the company’s stock valued at $58,754,000 after purchasing an additional 30,471 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of NorthWestern Energy Group by 274.7% in the second quarter. First Citizens Bank & Trust Co. now owns 17,362 shares of the company’s stock worth $891,000 after buying an additional 12,728 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NWE. Wells Fargo & Company cut NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $58.00 to $53.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Finally, Barclays boosted their target price on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $58.40.

NorthWestern Energy Group Price Performance

Shares of NWE stock opened at $67.66 on Tuesday. NorthWestern Energy Group, Inc. has a 12-month low of $50.46 and a 12-month high of $69.23. 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 firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.40 and a beta of 0.35. The firm has a fifty day moving average of $66.40 and a 200-day moving average of $61.17.

NorthWestern Energy Group Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.