Venturi Wealth Management LLC Makes New $92,000 Investment in NorthWestern Energy Group, Inc. (NYSE:NWE)

Venturi Wealth Management LLC acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,725 shares of the company’s stock, valued at approximately $92,000.

Other hedge funds also recently made changes to their positions in the company. Systematic Financial Management LP grew its holdings in NorthWestern Energy Group by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after purchasing an additional 113,265 shares in the last quarter. FMR LLC boosted its position in NorthWestern Energy Group by 17.0% in the 3rd quarter. FMR LLC now owns 759,804 shares of the company’s stock valued at $43,476,000 after buying an additional 110,461 shares during the last quarter. Barclays PLC grew its stake in shares of NorthWestern Energy Group by 204.7% during the third quarter. Barclays PLC now owns 110,571 shares of the company’s stock valued at $6,327,000 after acquiring an additional 74,278 shares in the last quarter. Meritage Portfolio Management increased its position in shares of NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after acquiring an additional 56,330 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of NorthWestern Energy Group by 1.7% in the third quarter. State Street Corp now owns 2,504,400 shares of the company’s stock worth $143,302,000 after acquiring an additional 42,104 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company 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 price objective for the company 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 research note 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

NorthWestern Energy Group Trading Up 0.7 %

NorthWestern Energy Group stock opened at $53.92 on Monday. The firm has a 50-day moving average price of $53.17 and a two-hundred day moving average price of $54.16. NorthWestern Energy Group, Inc. has a 52-week low of $47.22 and a 52-week high of $57.49. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.40 and a beta of 0.48. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 4.90%. This is a positive change 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 71.23%.

Insider Activity at NorthWestern Energy Group

In other news, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now directly owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This trade represents 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 accessible through the SEC website. Also, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $53.57, for a total transaction of $37,499.00. Following the sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This represents a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.94% of the stock is owned by insiders.

NorthWestern Energy Group Company 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.