NorthWestern Energy Group, Inc. (NYSE:NWE - Get Free Report) 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 transaction of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares in the company, valued at approximately $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NorthWestern Energy Group Trading Down 0.5 %
NWE opened at $54.56 on Thursday. 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, Inc. has a 52 week low of $47.22 and a 52 week high of $57.49. The stock has a market cap of $3.35 billion, a PE ratio of 14.95, a PEG ratio of 2.40 and a beta of 0.49. The business has a 50 day moving average of $53.37 and a 200-day moving average of $54.19.
NorthWestern Energy Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's payout ratio is 72.33%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on NWE shares. 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 on the stock in a research report on Wednesday, January 15th. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and an average price target of $59.25.
Get Our Latest Report on NWE
Institutional Trading of NorthWestern Energy Group
Hedge funds and other institutional investors have recently modified their holdings of the business. S.A. Mason LLC bought a new stake in NorthWestern Energy Group during the fourth quarter worth about $30,000. Wilmington Savings Fund Society FSB bought a new position in NorthWestern Energy Group during the 3rd quarter valued at approximately $35,000. Quest Partners LLC purchased a new position in NorthWestern Energy Group during the third quarter valued at $45,000. AdvisorNet Financial Inc grew its stake in shares of NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after acquiring an additional 200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of 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 acquiring an additional 465 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.
About NorthWestern Energy Group
(
Get Free Report)
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.
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