Insider Selling: NorthWestern Energy Group, Inc. (NYSE:NWE) Director Sells $38,132.64 in Stock

NorthWestern Energy Group, Inc. (NYSE:NWE) Director Britt E. Ide sold 702 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total transaction of $38,132.64. Following the transaction, the director now owns 11,021 shares of the company’s stock, valued at $598,660.72. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NorthWestern Energy Group Trading Up 2.0 %

Shares of NorthWestern Energy Group stock opened at $55.93 on Friday. The firm has a 50-day simple moving average of $53.49 and a two-hundred day simple moving average of $54.23. The company has a market cap of $3.43 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. NorthWestern Energy Group, Inc. has a fifty-two week low of $47.22 and a fifty-two week high of $57.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 represents a $2.64 dividend on an annualized basis and a dividend yield of 4.72%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio is 72.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NWE. S.A. Mason LLC purchased a new stake in shares of NorthWestern Energy Group during the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in NorthWestern Energy Group during the 3rd quarter valued at about $35,000. Quest Partners LLC purchased a new stake in NorthWestern Energy Group during the 3rd quarter valued at about $45,000. AdvisorNet Financial Inc grew its stake in NorthWestern Energy Group by 29.3% during the 4th quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after acquiring an additional 200 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in NorthWestern Energy Group by 91.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $52,000 after acquiring an additional 465 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NWE shares. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays decreased their target price 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. Finally, LADENBURG THALM/SH SH upgraded shares of 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 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, NorthWestern Energy Group currently has an average rating of “Moderate Buy” and a consensus price target of $59.25.

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.