ProShare Advisors LLC Buys 100,381 Shares of NorthWestern Energy Group, Inc. $NWE

ProShare Advisors LLC raised its stake in NorthWestern Energy Group, Inc. (NYSE:NWE) by 14.5% during the third quarter, HoldingsChannel.com reports. The fund owned 794,913 shares of the company’s stock after acquiring an additional 100,381 shares during the quarter. ProShare Advisors LLC’s holdings in NorthWestern Energy Group were worth $46,590,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of NorthWestern Energy Group during the second quarter valued at $39,428,000. Bank of America Corp DE increased its position in shares of NorthWestern Energy Group by 65.6% during the 2nd quarter. Bank of America Corp DE now owns 1,222,376 shares of the company’s stock worth $62,708,000 after purchasing an additional 484,266 shares in the last quarter. Qube Research & Technologies Ltd lifted its holdings in NorthWestern Energy Group by 113.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 429,484 shares of the company’s stock valued at $22,033,000 after purchasing an additional 228,350 shares during the last quarter. New York Life Investment Management LLC bought a new position in NorthWestern Energy Group during the 3rd quarter valued at about $7,565,000. Finally, Westwood Holdings Group Inc. boosted its position in NorthWestern Energy Group by 11.7% in the second quarter. Westwood Holdings Group Inc. now owns 1,118,650 shares of the company’s stock valued at $57,387,000 after buying an additional 117,449 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

NorthWestern Energy Group Price Performance

NWE opened at $67.34 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.52 and a quick ratio of 0.37. The stock has a market capitalization of $4.14 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.40 and a beta of 0.34. The company’s 50 day simple moving average is $66.45 and its 200-day simple moving average is $61.74. NorthWestern Energy Group, Inc. has a one year low of $50.46 and a one year high of $71.25.

NorthWestern Energy Group Company 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.