Ancora Advisors LLC Raises Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Ancora Advisors LLC lifted its position in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 208,090 shares of the company's stock after purchasing an additional 33,580 shares during the period. Ancora Advisors LLC owned about 0.34% of NorthWestern Energy Group worth $11,124,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. S.A. Mason LLC bought a new position in shares of NorthWestern Energy Group in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in NorthWestern Energy Group in the third quarter valued at $35,000. AdvisorNet Financial Inc increased its stake in shares of NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company's stock worth $47,000 after buying an additional 200 shares during the period. Steward Partners Investment Advisory LLC increased its position in NorthWestern Energy Group by 91.9% in the 4th 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 during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in NorthWestern Energy Group by 280.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the company's stock valued at $64,000 after purchasing an additional 887 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the business's stock in a transaction dated 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 owns 11,021 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% of the company's stock.

NorthWestern Energy Group Stock Performance

Shares of NorthWestern Energy Group stock traded down $0.60 during trading hours on Thursday, hitting $57.06. 112,325 shares of the company's stock traded hands, compared to its average volume of 485,927. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 2.40 and a beta of 0.40. NorthWestern Energy Group, Inc. has a 12-month low of $48.52 and a 12-month high of $59.89. The company has a fifty day simple moving average of $56.82 and a 200-day simple moving average of $54.82. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.18 by $0.04. NorthWestern Energy Group had a net margin of 14.81% and a return on equity of 7.40%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the company posted $1.09 earnings per share. Equities research analysts anticipate that NorthWestern Energy Group, Inc. will post 3.63 EPS for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 68.75%.

Wall Street Analyst Weigh In

NWE has been the topic of several research analyst reports. Guggenheim upgraded NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. LADENBURG THALM/SH SH raised 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 report on Wednesday, January 15th. Finally, Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $62.00 to $64.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, NorthWestern Energy Group currently has a consensus rating of "Moderate Buy" and an average target price of $60.25.

NorthWestern Energy Group Company 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.