Advisors Asset Management Inc. Buys 34,221 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Advisors Asset Management Inc. grew its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,043 shares of the company’s stock after purchasing an additional 34,221 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.19% of NorthWestern Energy Group worth $6,311,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. State Street Corp lifted its holdings 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 valued at $143,302,000 after purchasing an additional 42,104 shares in the last quarter. River Road Asset Management LLC increased its position in shares of NorthWestern Energy Group by 6.1% during the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock valued at $126,803,000 after acquiring an additional 136,922 shares during the last quarter. Geode Capital Management LLC increased its position in shares of NorthWestern Energy Group by 2.3% during the third quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock valued at $87,935,000 after acquiring an additional 35,279 shares during the last quarter. Systematic Financial Management LP increased its position in shares of NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after acquiring an additional 113,265 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of NorthWestern Energy Group by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock valued at $47,369,000 after acquiring an additional 135,611 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NWE. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays decreased their price target on 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. Finally, LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.25.

Insider Activity

In other news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.57% of the stock is owned by company insiders.

NorthWestern Energy Group Stock Performance

NYSE:NWE opened at $55.93 on Wednesday. The company has a market capitalization of $3.43 billion, a P/E ratio of 15.32, a P/E/G ratio of 2.40 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 1 year low of $47.48 and a 1 year high of $57.49. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The business has a fifty day simple moving average of $54.15 and a two-hundred day simple moving average of $54.43.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. This represents a $2.64 annualized dividend and a dividend yield of 4.72%. NorthWestern Energy Group’s payout ratio is 72.33%.

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.