First Citizens Bank & Trust Co. Boosts Stock Holdings in NorthWestern Energy Group, Inc. (NYSE:NWE)

First Citizens Bank & Trust Co. grew its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 15.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,616 shares of the company’s stock after acquiring an additional 605 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in NorthWestern Energy Group were worth $247,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWE. Systematic Financial Management LP grew its holdings 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 worth $61,250,000 after buying an additional 113,265 shares in the last quarter. FMR LLC boosted its position in NorthWestern Energy Group by 17.0% during the third quarter. FMR LLC now owns 759,804 shares of the company’s stock worth $43,476,000 after acquiring an additional 110,461 shares during the last quarter. AQR Capital Management LLC boosted its position in NorthWestern Energy Group by 36.4% during the second quarter. AQR Capital Management LLC now owns 396,409 shares of the company’s stock worth $19,840,000 after acquiring an additional 105,845 shares during the last quarter. Barclays PLC grew its stake in NorthWestern Energy Group by 204.7% during the 3rd quarter. Barclays PLC now owns 110,571 shares of the company’s stock valued at $6,327,000 after acquiring an additional 74,278 shares in the last quarter. Finally, Meritage Portfolio Management raised its holdings in NorthWestern Energy Group by 1,218.2% in the 3rd quarter. Meritage Portfolio Management now owns 60,954 shares of the company’s stock valued at $3,488,000 after acquiring an additional 56,330 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NorthWestern Energy Group

In related news, Director Anthony Thomas Clark sold 7,400 shares of NorthWestern Energy Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.95, for a total value of $384,430.00. Following the completion of the transaction, the director now owns 16,816 shares in the company, valued at approximately $873,591.20. The trade was a 30.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Britt E. Ide sold 700 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 10,888 shares in the company, valued at approximately $583,270.16. The trade was a 6.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.94% of the stock is owned by corporate insiders.

NorthWestern Energy Group Stock Down 0.3 %

Shares of NWE opened at $54.39 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91. The firm has a market cap of $3.33 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 2.39 and a beta of 0.48. The company’s 50-day moving average price is $53.42 and its 200 day moving average price is $54.07. NorthWestern Energy Group, Inc. has a 12-month low of $46.15 and a 12-month high of $57.49.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.05). The company had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, sell-side analysts forecast that NorthWestern Energy Group, Inc. will post 3.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Guggenheim raised shares of NorthWestern Energy Group from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. 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, Mizuho lifted their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.