Spirit of America Management Corp NY Buys 900 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Spirit of America Management Corp NY lifted its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 90.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,900 shares of the company’s stock after purchasing an additional 900 shares during the period. Spirit of America Management Corp NY’s holdings in NorthWestern Energy Group were worth $102,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Meritage Portfolio Management increased its position in shares of NorthWestern Energy Group by 1,218.2% during the third quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock valued at $3,488,000 after buying an additional 56,330 shares during the period. XTX Topco Ltd bought a new stake in shares of NorthWestern Energy Group during the third quarter valued at approximately $631,000. Systematic Financial Management LP increased its position in shares of NorthWestern Energy Group by 11.8% during the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock valued at $61,250,000 after acquiring an additional 113,265 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in NorthWestern Energy Group in the 4th quarter worth approximately $401,000. Finally, International Assets Investment Management LLC lifted its position in NorthWestern Energy Group by 5,622.1% in the 3rd quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after acquiring an additional 9,670 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

NorthWestern Energy Group Price Performance

NYSE NWE opened at $53.92 on Thursday. The company has a 50-day moving average price of $53.20 and a 200-day moving average price of $54.11. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $3.31 billion, a P/E ratio of 14.53, a PEG ratio of 2.42 and a beta of 0.49. NorthWestern Energy Group, Inc. has a 52 week low of $46.15 and a 52 week high of $57.49.

Insiders Place Their Bets

In other NorthWestern Energy Group news, Director Britt E. Ide sold 700 shares of the firm’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 sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony Thomas Clark sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total transaction of $384,430.00. Following the completion of the transaction, the director now owns 16,816 shares of the company’s stock, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NWE. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Mizuho raised their price target on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. 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 report on Wednesday, January 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.42.

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.