Jacobi Capital Management LLC Takes $265,000 Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Jacobi Capital Management LLC acquired a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,957 shares of the company’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NWE. S.A. Mason LLC bought a new position in shares of NorthWestern Energy Group during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new position in NorthWestern Energy Group in the third quarter worth $35,000. Quest Partners LLC purchased a new position in NorthWestern Energy Group in the third quarter worth $45,000. AdvisorNet Financial Inc grew its holdings in NorthWestern Energy Group by 29.3% in the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock worth $47,000 after purchasing an additional 200 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in NorthWestern Energy Group in the fourth quarter worth $73,000. 96.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NWE has been the topic of several analyst reports. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target on the stock in a report on Wednesday, January 15th. Finally, Barclays cut their price target on shares of NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.25.

Insider Activity

In related news, Director Britt E. Ide sold 700 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the transaction, the director now directly owns 10,888 shares in the company, valued at $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total transaction of $384,430.00. Following the transaction, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. This represents a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,802 shares of company stock valued at $460,062 over the last ninety days. 0.94% of the stock is currently owned by insiders.

NorthWestern Energy Group Price Performance

Shares of NWE opened at $56.64 on Tuesday. The firm has a market capitalization of $3.47 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 2.40 and a beta of 0.48. 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, Inc. has a 1-year low of $47.48 and a 1-year high of $57.49. The company’s fifty day moving average price is $53.56 and its 200-day moving average price is $54.28.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, March 14th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.66%. NorthWestern Energy Group’s payout ratio is 72.33%.

NorthWestern Energy Group 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.