NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Holdings Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 102,144 shares of the company’s stock after selling 1,064 shares during the period. Mutual of America Capital Management LLC owned 0.17% of NorthWestern Energy Group worth $5,461,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Versor Investments LP grew its position in shares of NorthWestern Energy Group by 24.8% during the fourth quarter. Versor Investments LP now owns 10,980 shares of the company’s stock worth $587,000 after acquiring an additional 2,180 shares during the last quarter. Schnieders Capital Management LLC lifted its holdings in NorthWestern Energy Group by 17.9% in the fourth quarter. Schnieders Capital Management LLC now owns 21,073 shares of the company’s stock worth $1,127,000 after purchasing an additional 3,200 shares during the period. Amalgamated Bank lifted its holdings in NorthWestern Energy Group by 2.4% in the fourth quarter. Amalgamated Bank now owns 28,131 shares of the company’s stock worth $1,504,000 after purchasing an additional 665 shares during the period. Bank of New York Mellon Corp lifted its holdings in NorthWestern Energy Group by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after purchasing an additional 135,611 shares during the period. Finally, Ieq Capital LLC acquired a new stake in NorthWestern Energy Group in the fourth quarter worth about $208,000. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Price Performance

Shares of NYSE NWE opened at $56.64 on Tuesday. NorthWestern Energy Group, Inc. has a twelve month low of $47.48 and a twelve month high of $57.49. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.40 and a beta of 0.48. The firm has a 50-day moving average of $53.56 and a two-hundred day moving average of $54.28.

NorthWestern Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.66%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. NorthWestern Energy Group’s dividend payout ratio is presently 72.33%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the sale, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Britt E. Ide sold 702 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,802 shares of company stock valued at $460,062. 0.94% of the stock is owned by insiders.

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.