NorthWestern Energy Group (NYSE:NWE) Price Target Raised to $62.00 at Wells Fargo & Company

NorthWestern Energy Group (NYSE:NWE) had its price target hoisted by investment analysts at Wells Fargo & Company from $60.00 to $62.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 8.72% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Barclays dropped their price objective 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. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock traded up $0.77 during midday trading on Monday, reaching $57.03. 19,876 shares of the company were exchanged, compared to its average volume of 374,185. NorthWestern Energy Group has a 1 year low of $47.48 and a 1 year high of $59.52. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 2.40 and a beta of 0.33. The firm’s 50-day simple moving average is $55.21 and its 200-day simple moving average is $54.51. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 702 shares of the business’s stock in a transaction dated 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 directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.94% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. S.A. Mason LLC acquired a new stake in NorthWestern Energy Group during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at about $35,000. AdvisorNet Financial Inc raised its position in NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after purchasing an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in NorthWestern Energy Group by 91.9% in the fourth 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. Finally, EverSource Wealth Advisors LLC boosted its holdings in NorthWestern Energy Group by 280.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock valued at $64,000 after purchasing an additional 887 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.