Versor Investments LP Has $587,000 Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Versor Investments LP raised its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 24.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,980 shares of the company’s stock after purchasing an additional 2,180 shares during the quarter. Versor Investments LP’s holdings in NorthWestern Energy Group were worth $587,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. S.A. Mason LLC acquired a new stake in shares of NorthWestern Energy Group during the 4th quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in NorthWestern Energy Group in the 3rd quarter valued at about $35,000. Quest Partners LLC acquired a new stake in NorthWestern Energy Group during the third quarter worth approximately $45,000. 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 acquiring an additional 200 shares during the period. Finally, Asset Management One Co. Ltd. bought a new stake in shares of NorthWestern Energy Group during the fourth quarter worth approximately $73,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE opened at $55.93 on Friday. The business has a fifty day moving average price of $53.49 and a two-hundred day moving average price of $54.24. The stock has a market capitalization of $3.43 billion, a PE ratio of 15.32, a P/E/G ratio of 2.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.22 and a fifty-two week high of $57.49.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date is Friday, March 14th. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is 72.33%.

Analysts Set New Price Targets

Several research firms recently weighed in on NWE. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a report on Wednesday, January 15th. Barclays lowered their price objective on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 19th. Finally, Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, NorthWestern Energy Group presently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the transaction, the director now directly owns 16,816 shares in the company, valued at $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Britt E. Ide sold 702 shares of the company’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 sale, the director now owns 11,021 shares of the company’s stock, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,802 shares of company stock valued at $460,062 over the last quarter. 0.94% of the stock is owned by company 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.