Resona Asset Management Co. Ltd. Invests $361,000 in NorthWestern Energy Group, Inc. (NYSE:NWE)

Resona Asset Management Co. Ltd. acquired a new stake in NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,745 shares of the company's stock, valued at approximately $361,000.

Several other institutional investors and hedge funds also recently modified their holdings of NWE. Vanguard Group Inc. increased its holdings in NorthWestern Energy Group by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 6,849,519 shares of the company's stock worth $366,175,000 after purchasing an additional 56,180 shares during the last quarter. State Street Corp raised its position in shares of NorthWestern Energy Group by 1.7% during the 3rd quarter. State Street Corp now owns 2,504,400 shares of the company's stock valued at $143,302,000 after acquiring an additional 42,104 shares in the last quarter. River Road Asset Management LLC increased its stake in NorthWestern Energy Group by 6.1% during the fourth quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company's stock valued at $126,803,000 after purchasing an additional 136,922 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NorthWestern Energy Group by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company's stock valued at $87,935,000 after buying an additional 35,279 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of NorthWestern Energy Group by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company's stock valued at $47,369,000 after buying an additional 135,611 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Activity

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the sale, the director now directly owns 11,021 shares of the company's stock, valued at $598,660.72. This represents a 5.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. LADENBURG THALM/SH SH raised NorthWestern Energy Group from a "neutral" rating to a "buy" rating and set a $57.50 target price for the company in a report on Wednesday, January 15th. Barclays cut their target price on NorthWestern Energy Group from $57.00 to $56.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price target on NorthWestern Energy Group from $60.00 to $62.00 and gave the company an "overweight" rating in a report on Monday. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, NorthWestern Energy Group has a consensus rating of "Moderate Buy" and a consensus price target of $59.42.

NorthWestern Energy Group Stock Up 2.2 %

NorthWestern Energy Group stock traded up $1.26 during mid-day trading on Thursday, hitting $58.95. 114,589 shares of the company's stock were exchanged, compared to its average volume of 375,880. NorthWestern Energy Group, Inc. has a 1-year low of $47.80 and a 1-year high of $59.52. The stock has a 50 day moving average of $55.44 and a two-hundred day moving average of $54.55. The stock has a market cap of $3.62 billion, a P/E ratio of 16.17, a P/E/G ratio of 2.40 and a beta of 0.33. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.64 dividend on an annualized basis and a yield of 4.48%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.65. NorthWestern Energy Group's dividend payout ratio is presently 72.33%.

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.