Alps Advisors Inc. Buys 8,304 Shares of NorthWestern Energy Group, Inc. $NWE

Alps Advisors Inc. boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 41.3% in the 3rd quarter, Holdings Channel reports. The firm owned 28,427 shares of the company’s stock after buying an additional 8,304 shares during the period. Alps Advisors Inc.’s holdings in NorthWestern Energy Group were worth $1,666,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of NWE. Daiwa Securities Group Inc. raised its stake in NorthWestern Energy Group by 34.3% during the second quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock worth $43,000 after acquiring an additional 216 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of NorthWestern Energy Group by 299.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 803 shares of the company’s stock valued at $47,000 after purchasing an additional 602 shares during the last quarter. Farther Finance Advisors LLC increased its position in NorthWestern Energy Group by 96.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 982 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares in the last quarter. Westfuller Advisors LLC bought a new position in NorthWestern Energy Group in the 3rd quarter valued at approximately $69,000. Finally, Jones Financial Companies Lllp lifted its stake in NorthWestern Energy Group by 59,750.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,197 shares of the company’s stock valued at $69,000 after purchasing an additional 1,195 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NWE shares. Wells Fargo & Company downgraded NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $58.00 to $53.00 in a research report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price objective on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Finally, Barclays lifted their target price on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.40.

NorthWestern Energy Group Trading Up 1.5%

Shares of NorthWestern Energy Group stock opened at $68.35 on Wednesday. The stock has a market capitalization of $4.20 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 2.40 and a beta of 0.34. NorthWestern Energy Group, Inc. has a 52 week low of $50.46 and a 52 week high of $71.25. The stock has a 50 day moving average price of $66.47 and a two-hundred day moving average price of $61.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52.

About NorthWestern Energy Group

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.