Advisors Asset Management Inc. Lowers Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Advisors Asset Management Inc. decreased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 22.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,587 shares of the company’s stock after selling 16,757 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.09% of NorthWestern Energy Group worth $2,882,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NWE. Norges Bank bought a new stake in NorthWestern Energy Group during the 4th quarter valued at approximately $34,257,000. River Road Asset Management LLC increased its holdings in NorthWestern Energy Group by 35.0% in the 4th quarter. River Road Asset Management LLC now owns 2,168,217 shares of the company’s stock valued at $110,341,000 after acquiring an additional 562,548 shares during the last quarter. Raymond James & Associates lifted its stake in NorthWestern Energy Group by 188.1% in the 4th quarter. Raymond James & Associates now owns 335,634 shares of the company’s stock worth $17,080,000 after purchasing an additional 219,145 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of NorthWestern Energy Group by 27.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 968,054 shares of the company’s stock valued at $49,264,000 after purchasing an additional 208,326 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of NorthWestern Energy Group by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock valued at $345,049,000 after purchasing an additional 187,619 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

NWE has been the topic of several recent research reports. Mizuho upped their price objective on NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, May 16th. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.86.

NorthWestern Energy Group Trading Up 0.3 %

Shares of NYSE NWE traded up $0.14 during mid-day trading on Friday, reaching $53.27. The company had a trading volume of 256,048 shares, compared to its average volume of 263,231. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 16.49 and a beta of 0.45. NorthWestern Energy Group, Inc. has a 52 week low of $45.97 and a 52 week high of $57.65. The business’s 50-day moving average is $50.82 and its 200-day moving average is $49.83. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99.

NorthWestern Energy Group (NYSE:NWE) last issued its earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The company had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. During the same period last year, the business posted $1.05 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. Equities analysts expect that NorthWestern Energy Group, Inc. will post 3.52 earnings per share for the current year.

Insider Activity at NorthWestern Energy Group

In related news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total transaction of $80,049.75. Following the transaction, the vice president now directly owns 32,794 shares of the company’s stock, valued at $1,677,413.10. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following the transaction, the vice president now owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Britt E. Ide sold 687 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $51.30, for a total transaction of $35,243.10. Following the sale, the director now directly owns 10,640 shares of the company’s stock, valued at approximately $545,832. The disclosure for this sale can be found here. Insiders sold 3,602 shares of company stock worth $183,805 over the last three months. 0.94% of the stock is owned by corporate insiders.

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.