Stockman Wealth Management Inc. Increases Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Stockman Wealth Management Inc. grew its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 105,678 shares of the company’s stock after buying an additional 1,955 shares during the period. Stockman Wealth Management Inc. owned 0.17% of NorthWestern Energy Group worth $5,650,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NWE. V Square Quantitative Management LLC purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter valued at $26,000. S.A. Mason LLC purchased a new stake in NorthWestern Energy Group during the 4th quarter worth $30,000. Wilmington Savings Fund Society FSB purchased a new stake in NorthWestern Energy Group during the 3rd quarter worth $35,000. Quest Partners LLC purchased a new stake in NorthWestern Energy Group during the 3rd quarter worth $45,000. Finally, AdvisorNet Financial Inc boosted its position in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after purchasing an additional 200 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NWE. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised shares of 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. Barclays upped their price target on shares of NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

Insider Activity

In related news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the sale, the director now owns 16,816 shares in the company, valued at $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.94% of the company’s stock.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock opened at $53.07 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. The firm’s 50-day simple moving average is $53.12 and its 200-day simple moving average is $54.10. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 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.