NorthWestern Energy Group, Inc. (NYSE:NWE) Shares Acquired by Money Concepts Capital Corp

Money Concepts Capital Corp lifted its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,453 shares of the company’s stock after purchasing an additional 715 shares during the quarter. Money Concepts Capital Corp owned about 0.06% of NorthWestern Energy Group worth $1,949,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on NWE shares. Mizuho boosted their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Barclays boosted their price target on NorthWestern Energy Group from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised 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. Finally, JPMorgan Chase & Co. upped their target price on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.42.

NorthWestern Energy Group Price Performance

NWE stock opened at $53.92 on Thursday. The stock’s 50 day moving average price is $53.20 and its 200 day moving average price is $54.11. The firm has a market cap of $3.31 billion, a P/E ratio of 14.53, a PEG ratio of 2.42 and a beta of 0.49. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.30 and a current ratio of 0.45. NorthWestern Energy Group, Inc. has a 1 year low of $46.15 and a 1 year high of $57.49.

Insider Transactions at NorthWestern Energy Group

In other news, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the transaction, the director now owns 16,816 shares of the company’s stock, valued at $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

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.