NorthWestern Energy Group, Inc. (NYSE:NWE) Stock Position Reduced by Meritage Portfolio Management

Meritage Portfolio Management lessened its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,090 shares of the company’s stock after selling 2,864 shares during the quarter. Meritage Portfolio Management owned 0.09% of NorthWestern Energy Group worth $3,105,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of NorthWestern Energy Group in the third quarter worth $26,000. S.A. Mason LLC purchased a new position in NorthWestern Energy Group in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new position in NorthWestern Energy Group in the 3rd quarter worth about $35,000. Quest Partners LLC purchased a new stake in shares of NorthWestern Energy Group during the 3rd quarter worth about $45,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of NorthWestern Energy Group by 29.3% during 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 last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of the firm’s 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction dated 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 directly owns 16,816 shares of the company’s stock, valued at $873,591.20. This represents a 30.56 % decrease in their position. The disclosure for this sale can be found here. 0.57% of the stock is owned by insiders.

NorthWestern Energy Group Stock Up 0.8 %

NorthWestern Energy Group stock opened at $53.92 on Thursday. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 2.42 and a beta of 0.49. The firm has a fifty day moving average price of $53.20 and a two-hundred day moving average price of $54.11. NorthWestern Energy Group, Inc. has a fifty-two week low of $46.15 and a fifty-two week high of $57.49. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.45 and a quick ratio of 0.30.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Mizuho increased their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Guggenheim upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price target for the company in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.42.

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.