Huber Capital Management LLC Sells 4,937 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Huber Capital Management LLC lessened its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,170 shares of the company’s stock after selling 4,937 shares during the quarter. Huber Capital Management LLC’s holdings in NorthWestern Energy Group were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in NorthWestern Energy Group during the fourth quarter valued at $40,236,000. Raymond James Financial Inc. purchased a new position in shares of NorthWestern Energy Group during the 4th quarter valued at about $29,978,000. River Road Asset Management LLC lifted its position in shares of NorthWestern Energy Group by 6.1% during the 4th quarter. River Road Asset Management LLC now owns 2,371,931 shares of the company’s stock valued at $126,803,000 after buying an additional 136,922 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in NorthWestern Energy Group by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 886,066 shares of the company’s stock worth $47,369,000 after acquiring an additional 135,611 shares in the last quarter. Finally, Systematic Financial Management LP raised its stake in NorthWestern Energy Group by 11.8% during the 3rd quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after acquiring an additional 113,265 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NWE shares. LADENBURG THALM/SH SH raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 price objective for the company in a research note on Wednesday, January 15th. Barclays cut their price target on NorthWestern Energy Group from $57.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. Finally, Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.25.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 702 shares of NorthWestern Energy Group stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $54.32, for a total value of $38,132.64. Following the completion of the transaction, the director now directly owns 11,021 shares of the company’s stock, valued at $598,660.72. This trade represents a 5.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.94% of the stock is owned by insiders.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $58.90 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. NorthWestern Energy Group, Inc. has a 1-year low of $47.48 and a 1-year high of $58.99. The business has a 50 day simple moving average of $54.89 and a two-hundred day simple moving average of $54.57. The stock has a market capitalization of $3.61 billion, a PE ratio of 16.14, a P/E/G ratio of 2.40 and a beta of 0.33.

NorthWestern Energy Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.65. NorthWestern Energy Group’s payout ratio is currently 72.33%.

About NorthWestern Energy Group

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.