Crewe Advisors LLC Increases Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

Crewe Advisors LLC increased its position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 26.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,593 shares of the company’s stock after purchasing an additional 1,183 shares during the period. Crewe Advisors LLC’s holdings in NorthWestern Energy Group were worth $299,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Meritage Portfolio Management lifted its stake in shares of NorthWestern Energy Group by 1,218.2% during the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock worth $3,488,000 after acquiring an additional 56,330 shares during the last quarter. XTX Topco Ltd purchased a new stake in NorthWestern Energy Group in the third quarter worth $631,000. Systematic Financial Management LP increased its stake in NorthWestern Energy Group by 11.8% in the third quarter. Systematic Financial Management LP now owns 1,070,434 shares of the company’s stock worth $61,250,000 after purchasing an additional 113,265 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of NorthWestern Energy Group during the fourth quarter worth $401,000. Finally, International Assets Investment Management LLC boosted its stake in shares of NorthWestern Energy Group by 5,622.1% during the third quarter. International Assets Investment Management LLC now owns 9,842 shares of the company’s stock valued at $563,000 after purchasing an additional 9,670 shares during the period. Institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays boosted 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 report on Wednesday, January 22nd. Mizuho boosted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Guggenheim upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded NorthWestern Energy Group from a “neutral” rating to a “buy” rating and set a $57.50 target price for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.42.

Insider Activity at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 700 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $53.57, for a total transaction of $37,499.00. Following the completion of the sale, the director now owns 10,888 shares in the company, valued at approximately $583,270.16. This represents a 6.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Anthony Thomas Clark sold 7,400 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.95, for a total value of $384,430.00. Following the transaction, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. This trade represents a 30.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.57% of the stock is owned by corporate insiders.

NorthWestern Energy Group Trading Up 0.8 %

Shares of NYSE:NWE opened at $53.92 on Thursday. The company has a market capitalization of $3.31 billion, a PE ratio of 14.77, a P/E/G ratio of 2.42 and a beta of 0.49. The company has a current ratio of 0.45, a quick ratio of 0.30 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. The business’s fifty day simple moving average is $53.20 and its 200-day simple moving average is $54.11.

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.