NorthWestern Energy Group, Inc. $NWE Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) by 53.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,068 shares of the company’s stock after selling 17,517 shares during the period. Teacher Retirement System of Texas’ holdings in NorthWestern Energy Group were worth $883,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. increased its holdings in NorthWestern Energy Group by 34.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 845 shares of the company’s stock valued at $43,000 after purchasing an additional 216 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of NorthWestern Energy Group by 96.8% during the third quarter. Farther Finance Advisors LLC now owns 982 shares of the company’s stock worth $58,000 after buying an additional 483 shares during the period. Costello Asset Management INC grew its stake in shares of NorthWestern Energy Group by 334.3% in the second quarter. Costello Asset Management INC now owns 1,290 shares of the company’s stock valued at $66,000 after buying an additional 993 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of NorthWestern Energy Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,624 shares of the company’s stock valued at $83,000 after buying an additional 493 shares during the period. Finally, Osaic Holdings Inc. lifted its stake in NorthWestern Energy Group by 68.6% during the 2nd quarter. Osaic Holdings Inc. now owns 2,458 shares of the company’s stock worth $126,000 after acquiring an additional 1,000 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern Energy Group Stock Up 2.4%

NWE stock opened at $69.31 on Wednesday. The company’s 50 day moving average price is $66.43 and its 200 day moving average price is $61.29. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $69.39. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 2.40 and a beta of 0.35.

Analyst Ratings Changes

A number of brokerages recently commented on NWE. Barclays raised their target price on NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. Wells Fargo & Company lowered shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $58.00 to $53.00 in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. upped their target price on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $58.40.

NorthWestern Energy Group Profile

NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.

NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.