NorthWestern Energy Group, Inc. $NWE Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 12.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 121,836 shares of the company’s stock after buying an additional 13,886 shares during the period. Advisors Asset Management Inc.’s holdings in NorthWestern Energy Group were worth $7,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Costello Asset Management INC raised its stake in NorthWestern Energy Group by 34.2% during the 3rd quarter. Costello Asset Management INC now owns 1,731 shares of the company’s stock valued at $101,000 after acquiring an additional 441 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of NorthWestern Energy Group by 14.5% in the third quarter. ProShare Advisors LLC now owns 794,913 shares of the company’s stock valued at $46,590,000 after purchasing an additional 100,381 shares during the period. New York Life Investment Management LLC purchased a new stake in shares of NorthWestern Energy Group during the third quarter worth approximately $7,565,000. Alps Advisors Inc. grew its position in NorthWestern Energy Group by 41.3% in the 3rd quarter. Alps Advisors Inc. now owns 28,427 shares of the company’s stock valued at $1,666,000 after buying an additional 8,304 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in NorthWestern Energy Group by 1.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 56,345 shares of the company’s stock valued at $3,302,000 after buying an additional 967 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

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

NorthWestern Energy Group Stock Up 0.1%

NWE stock opened at $68.45 on Thursday. The business’s 50 day simple moving average is $66.50 and its 200 day simple moving average is $61.90. NorthWestern Energy Group, Inc. has a 1-year low of $50.46 and a 1-year high of $71.25. The firm has a market capitalization of $4.21 billion, a PE ratio of 18.75, a PEG ratio of 2.40 and a beta of 0.34. The company has a current ratio of 0.52, a quick ratio of 0.37 and a debt-to-equity ratio of 0.94.

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.