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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
