Meritage Portfolio Management Sells 2,864 Shares of NorthWestern Energy Group, Inc. (NYSE:NWE)

Meritage Portfolio Management lowered its holdings in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 58,090 shares of the company’s stock after selling 2,864 shares during the quarter. Meritage Portfolio Management’s holdings in NorthWestern Energy Group were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 worth $47,000 after acquiring an additional 200 shares during the period. Nisa Investment Advisors LLC grew its position in NorthWestern Energy Group by 0.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 51,180 shares of the company’s stock valued at $2,736,000 after acquiring an additional 254 shares during the period. Exchange Traded Concepts LLC raised its stake in NorthWestern Energy Group by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 13,808 shares of the company’s stock worth $738,000 after acquiring an additional 350 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of NorthWestern Energy Group by 4.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 7,903 shares of the company’s stock valued at $452,000 after acquiring an additional 359 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in shares of NorthWestern Energy Group by 0.6% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 62,205 shares of the company’s stock valued at $3,559,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at NorthWestern Energy Group

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

NorthWestern Energy Group Stock Up 0.8 %

NYSE:NWE opened at $53.92 on Thursday. The stock’s fifty day simple moving average is $53.20 and its 200-day simple moving average is $54.11. The firm has a market capitalization of $3.31 billion, a P/E ratio of 14.53, a P/E/G ratio of 2.42 and a beta of 0.49. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.91. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.49.

Analysts Set New Price Targets

Several brokerages recently issued reports on NWE. JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. LADENBURG THALM/SH SH upgraded shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price for the company in a research note on Wednesday, January 15th. Guggenheim raised NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their price objective 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. Finally, Mizuho upped their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group presently has an average rating of “Moderate Buy” and a consensus price target of $59.42.

NorthWestern Energy Group 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.