Longboard Asset Management LP Takes $205,000 Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Longboard Asset Management LP purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,833 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in NorthWestern Energy Group by 1.7% during the 3rd 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 during the period. River Road Asset Management LLC grew its stake in shares of NorthWestern Energy Group by 0.7% during the third quarter. River Road Asset Management LLC now owns 2,235,009 shares of the company’s stock worth $127,887,000 after purchasing an additional 14,654 shares during the period. Geode Capital Management LLC increased its holdings in NorthWestern Energy Group by 2.3% in the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock valued at $87,935,000 after purchasing an additional 35,279 shares during the last quarter. Systematic Financial Management LP lifted its stake in NorthWestern Energy Group by 11.8% in the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after buying an additional 113,265 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of NorthWestern Energy Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 848,294 shares of the company’s stock worth $48,539,000 after buying an additional 19,542 shares during the period. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on NWE shares. JPMorgan Chase & Co. increased their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Mizuho lifted their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays raised their price target on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. 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.com, NorthWestern Energy Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.42.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the sale, the director now directly owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Britt E. Ide sold 700 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the transaction, the director now owns 10,888 shares of the company’s stock, 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. 0.57% of the stock is owned by insiders.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $53.51 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.42 and a beta of 0.49. The stock’s 50-day moving average is $53.22 and its 200-day moving average is $54.10. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one year high of $57.49.

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.