Money Concepts Capital Corp Increases Stake in NorthWestern Energy Group, Inc. (NYSE:NWE)

Money Concepts Capital Corp increased its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,453 shares of the company’s stock after buying an additional 715 shares during the period. Money Concepts Capital Corp’s holdings in NorthWestern Energy Group were worth $1,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NWE. V Square Quantitative Management LLC purchased a new position in shares of NorthWestern Energy Group in the 3rd quarter worth about $26,000. S.A. Mason LLC acquired a new stake in NorthWestern Energy Group during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group in the third quarter valued at approximately $35,000. Quest Partners LLC acquired a new position in NorthWestern Energy Group during the third quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc grew its stake in NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after buying an additional 200 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on NWE shares. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price on the stock in a research note on Wednesday, January 15th. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Barclays raised their target price on 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 upped their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Three investment 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

NorthWestern Energy Group Trading Up 0.8 %

NYSE:NWE opened at $53.92 on Thursday. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.42 and a beta of 0.49. NorthWestern Energy Group, Inc. has a one year low of $46.15 and a one 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 business’s 50-day simple moving average is $53.20 and its 200 day simple moving average is $54.11.

Insiders Place Their Bets

In related news, Director Britt E. Ide sold 700 shares of NorthWestern Energy Group stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.57, for a total value of $37,499.00. Following the completion of the transaction, the director now directly owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the sale, the director now directly owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by company 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.