Hager Investment Management Services LLC Purchases New Position in NorthWestern Energy Group, Inc. (NYSE:NWE)

Hager Investment Management Services LLC purchased a new stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 6,075 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its stake in NorthWestern Energy Group by 29.3% during the fourth quarter. AdvisorNet Financial Inc now owns 883 shares of the company’s stock valued at $47,000 after buying an additional 200 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of NorthWestern Energy Group by 0.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company’s stock valued at $2,736,000 after purchasing an additional 254 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of NorthWestern Energy Group by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company’s stock valued at $738,000 after purchasing an additional 350 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of NorthWestern Energy Group by 4.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after purchasing an additional 359 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of NorthWestern Energy Group by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after purchasing an additional 375 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

NorthWestern Energy Group Trading Down 0.5 %

NWE opened at $53.51 on Wednesday. The stock’s fifty day moving average is $53.22 and its two-hundred day moving average is $54.10. The company has a market capitalization of $3.28 billion, a P/E ratio of 14.77, a PEG ratio of 2.42 and a beta of 0.49. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Mizuho increased their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays increased their price target on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Anthony Thomas Clark sold 7,400 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the sale, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Britt E. Ide sold 700 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.57, for a total value of $37,499.00. Following the sale, the director now directly owns 10,888 shares in the company, valued at $583,270.16. This trade represents a 6.04 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by company insiders.

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.