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

Crewe Advisors LLC raised its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,593 shares of the company’s stock after acquiring an additional 1,183 shares during the period. Crewe Advisors LLC’s holdings in NorthWestern Energy Group were worth $299,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Meritage Portfolio Management increased its stake in NorthWestern Energy Group by 1,218.2% during the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock valued at $3,488,000 after purchasing an additional 56,330 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of NorthWestern Energy Group during the third quarter valued at approximately $631,000. Systematic Financial Management LP increased its position in shares of NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after acquiring an additional 113,265 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in NorthWestern Energy Group in the 4th quarter worth approximately $401,000. Finally, International Assets Investment Management LLC lifted its position in NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after acquiring an additional 9,670 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock opened at $53.92 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49. The stock’s 50-day simple moving average is $53.20 and its 200-day simple moving average is $54.11. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.42 and a beta of 0.49.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NWE. Barclays lifted their target price on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Mizuho boosted their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction dated 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 owns 16,816 shares of the company’s stock, valued at $873,591.20. This represents a 30.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the sale, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This trade represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.