Geode Capital Management LLC Lowers Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Geode Capital Management LLC decreased its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,534,722 shares of the company’s stock after selling 1,796 shares during the quarter. Geode Capital Management LLC owned about 2.50% of NorthWestern Energy Group worth $82,064,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. S.A. Mason LLC purchased a new position in NorthWestern Energy Group during the fourth quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group during the third quarter valued at $35,000. AdvisorNet Financial Inc raised 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 valued at $47,000 after buying an additional 200 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in NorthWestern Energy Group by 91.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 971 shares of the company’s stock valued at $52,000 after buying an additional 465 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in NorthWestern Energy Group by 280.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company’s stock valued at $64,000 after buying an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Stock Down 0.0 %

NorthWestern Energy Group stock opened at $55.67 on Friday. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 2.40 and a beta of 0.33. The stock has a fifty day simple moving average of $55.15 and a two-hundred day simple moving average of $54.53. NorthWestern Energy Group, Inc. has a 12 month low of $47.48 and a 12 month high of $59.52. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.66 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 annualized dividend and a dividend yield of 4.74%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is presently 72.33%.

Insider Buying and Selling

In related news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the sale, the director now owns 11,021 shares of the company’s stock, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NWE. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price for the company in a report on Wednesday, January 15th. Finally, Barclays reduced their target price on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.25.

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.