CANADA LIFE ASSURANCE Co Has $4.15 Million Stock Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

CANADA LIFE ASSURANCE Co grew its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,732 shares of the company’s stock after buying an additional 1,481 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.13% of NorthWestern Energy Group worth $4,151,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its stake in NorthWestern Energy Group by 204.7% in the 3rd quarter. Barclays PLC now owns 110,571 shares of the company’s stock worth $6,327,000 after purchasing an additional 74,278 shares during the period. Passumpsic Savings Bank bought a new stake in shares of NorthWestern Energy Group in the third quarter valued at about $610,000. Sanctuary Advisors LLC acquired a new position in shares of NorthWestern Energy Group during the third quarter worth about $286,000. Wilmington Savings Fund Society FSB bought a new position in shares of NorthWestern Energy Group during the third quarter worth about $35,000. Finally, Everence Capital Management Inc. acquired a new stake in NorthWestern Energy Group in the 4th quarter valued at approximately $498,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NWE. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of NorthWestern Energy Group from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, April 14th. Barclays boosted 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. Finally, LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.92.

NorthWestern Energy Group Stock Performance

Shares of NWE opened at $58.51 on Friday. The company has a market cap of $3.59 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.40 and a beta of 0.33. The firm has a 50-day moving average of $56.08 and a 200-day moving average of $54.65. NorthWestern Energy Group, Inc. has a one year low of $48.52 and a one year high of $60.00. 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 Increases Dividend

The firm also recently declared 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. This represents a $2.64 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Friday, March 14th. This is an increase from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is 72.33%.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of the company’s 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 transaction, the director now directly owns 11,021 shares in the company, valued at $598,660.72. The trade was a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.