NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Purchased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. raised its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,678 shares of the company’s stock after purchasing an additional 1,955 shares during the quarter. Stockman Wealth Management Inc.’s holdings in NorthWestern Energy Group were worth $5,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in NWE. V Square Quantitative Management LLC acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $26,000. S.A. Mason LLC acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $35,000. Quest Partners LLC acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc increased its stake in shares of NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 0.9 %

Shares of NYSE:NWE opened at $53.07 on Friday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 2.40 and a beta of 0.48. NorthWestern Energy Group, Inc. has a 1-year low of $46.15 and a 1-year high of $57.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. The company has a 50 day moving average price of $53.12 and a 200 day moving average price of $54.10.

Analysts Set New Price Targets

Several brokerages have commented on NWE. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. increased their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. LADENBURG THALM/SH SH upgraded 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. Barclays increased their price objective on shares of NorthWestern Energy Group from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company increased their price objective on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $59.42.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were 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 owns 10,888 shares in the company, valued at approximately $583,270.16. This represents a 6.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 0.94% of the stock is currently 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.