Foundry Partners LLC Decreases Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Foundry Partners LLC reduced its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,585 shares of the company’s stock after selling 416 shares during the period. Foundry Partners LLC’s holdings in NorthWestern Energy Group were worth $512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NWE. Cerity Partners LLC increased its position in shares of NorthWestern Energy Group by 38.3% in the third quarter. Cerity Partners LLC now owns 7,672 shares of the company’s stock valued at $439,000 after buying an additional 2,125 shares in the last quarter. FMR LLC grew its stake in NorthWestern Energy Group by 17.0% in the 3rd quarter. FMR LLC now owns 759,804 shares of the company’s stock valued at $43,476,000 after acquiring an additional 110,461 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in NorthWestern Energy Group by 46.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 23,911 shares of the company’s stock valued at $1,368,000 after acquiring an additional 7,629 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $259,000. Finally, Paloma Partners Management Co acquired a new stake in shares of NorthWestern Energy Group in the third quarter valued at approximately $260,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on NWE. Barclays reduced their target price on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 19th. 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 research report on Wednesday, January 15th. Finally, Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.25.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE opened at $56.33 on Friday. The company has a market cap of $3.45 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.40 and a beta of 0.33. The business has a fifty day simple moving average of $55.02 and a 200-day simple moving average of $54.60. NorthWestern Energy Group, Inc. has a 52 week low of $47.48 and a 52 week high of $59.52. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.69%. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s dividend payout ratio is currently 72.33%.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 702 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total transaction of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares in the company, valued at $598,660.72. This represents a 5.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.94% of the company’s stock.

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.