NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 357,290 shares of the company’s stock after selling 37,937 shares during the period. Sei Investments Co.’s holdings in NorthWestern Energy Group were worth $19,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AdvisorNet Financial Inc increased its stake in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after buying an additional 200 shares during the period. Nisa Investment Advisors LLC increased its position in shares of NorthWestern Energy Group by 0.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company’s stock worth $2,736,000 after acquiring an additional 254 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of NorthWestern Energy Group by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company’s stock valued at $738,000 after acquiring an additional 350 shares in the last quarter. Xponance Inc. boosted its holdings in NorthWestern Energy Group by 5.1% in the fourth quarter. Xponance Inc. now owns 8,729 shares of the company’s stock valued at $467,000 after purchasing an additional 421 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock worth $52,000 after purchasing an additional 465 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

NWE has been the topic of a number of analyst reports. Barclays reduced their price target 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. LADENBURG THALM/SH SH raised 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. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NorthWestern Energy Group currently has a consensus rating of “Moderate Buy” and an average price target of $59.25.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the firm’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 transaction, the director now owns 11,021 shares in the company, valued at $598,660.72. This trade represents a 5.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $55.67 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 52-week low of $47.48 and a 52-week high of $57.49. 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 $54.59 and a 200 day moving average price of $54.50.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.66 dividend. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.74%. NorthWestern Energy Group’s dividend payout ratio 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.