Westwood Holdings Group Inc. Sells 283,275 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Westwood Holdings Group Inc. lowered its stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 884,114 shares of the company's stock after selling 283,275 shares during the period. Westwood Holdings Group Inc. owned 1.44% of NorthWestern Energy Group worth $47,265,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. S.A. Mason LLC bought a new position in NorthWestern Energy Group in the fourth quarter valued at approximately $30,000. AdvisorNet Financial Inc boosted its position 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 purchasing an additional 200 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of 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 buying an additional 465 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of NorthWestern Energy Group by 280.7% in the 4th 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 in the last quarter. Finally, Asset Management One Co. Ltd. bought a new position in NorthWestern Energy Group during the fourth quarter worth about $73,000. Institutional investors own 96.07% of the company's stock.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the firm's 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 sale, the director now owns 11,021 shares of the company's stock, valued at approximately $598,660.72. This trade represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.94% of the company's stock.

NorthWestern Energy Group Trading Up 1.2%

NorthWestern Energy Group stock opened at $56.09 on Monday. The stock has a 50-day simple moving average of $56.80 and a 200 day simple moving average of $54.87. The stock has a market capitalization of $3.44 billion, a P/E ratio of 15.37, a PEG ratio of 2.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a 52 week low of $48.52 and a 52 week high of $59.89.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings data 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Analysts expect that NorthWestern Energy Group, Inc. will post 3.63 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Friday, June 13th. NorthWestern Energy Group's dividend payout ratio is currently 68.75%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of NorthWestern Energy Group from $56.00 to $59.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their price target 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. BMO Capital Markets began coverage on NorthWestern Energy Group in a report on Tuesday, May 13th. They set a "market perform" rating and a $60.00 price objective for the company. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $60.21.

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.

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