NorthWestern Energy Group (NYSE:NWE) Price Target Cut to $56.00 by Analysts at Barclays

NorthWestern Energy Group (NYSE:NWE) had its price target dropped by research analysts at Barclays from $57.00 to $56.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 5.44% from the stock’s previous close.

Several other research firms have also commented on NWE. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective on the stock in a report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.25.

NorthWestern Energy Group Trading Up 2.2 %

NYSE NWE opened at $53.11 on Wednesday. NorthWestern Energy Group has a 52 week low of $47.22 and a 52 week high of $57.49. The firm has a 50 day moving average of $53.04 and a two-hundred day moving average of $54.12. The stock has a market capitalization of $3.26 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.48. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

Insider Transactions at NorthWestern Energy Group

In related news, Director Anthony Thomas Clark sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares in the company, valued at $873,591.20. This trade represents a 30.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Britt E. Ide sold 700 shares of the business’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 of the company’s stock, valued at approximately $583,270.16. This represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Institutional Trading of NorthWestern Energy Group

A number of large investors have recently bought and sold shares of NWE. Vanguard Group Inc. increased its stake in NorthWestern Energy Group by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company’s stock valued at $366,175,000 after purchasing an additional 56,180 shares during the period. State Street Corp increased its position in NorthWestern Energy Group by 1.7% in the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company’s stock valued at $143,302,000 after acquiring an additional 42,104 shares during the period. River Road Asset Management LLC raised its stake in NorthWestern Energy Group by 6.1% during the 4th 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 lifted its position in NorthWestern Energy Group by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company’s stock worth $87,935,000 after acquiring an additional 35,279 shares during the period. Finally, Systematic Financial Management LP lifted its position in NorthWestern Energy Group by 3.7% during the 4th quarter. Systematic Financial Management LP now owns 1,110,574 shares of the company’s stock worth $59,371,000 after acquiring an additional 40,140 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

About NorthWestern Energy Group

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.