NorthWestern Energy Group (NYSE:NWE) Hits New 1-Year High – Still a Buy?

NorthWestern Energy Group, Inc. (NYSE:NWE) reached a new 52-week high on Tuesday . The stock traded as high as $69.26 and last traded at $68.7390, with a volume of 206270 shares changing hands. The stock had previously closed at $67.66.

Analyst Ratings Changes

Several research firms have recently commented on NWE. 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. Barclays raised their price target on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.40.

NorthWestern Energy Group Price Performance

The stock’s 50-day moving average is $66.40 and its 200 day moving average is $61.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.37 and a current ratio of 0.52. The stock has a market capitalization of $4.23 billion, a PE ratio of 18.86, a P/E/G ratio of 2.40 and a beta of 0.35.

Institutional Investors Weigh In On NorthWestern Energy Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP boosted its stake in NorthWestern Energy Group by 263.3% in the 3rd quarter. Allworth Financial LP now owns 436 shares of the company’s stock worth $26,000 after buying an additional 316 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in NorthWestern Energy Group by 3,221.4% in the third quarter. Caitong International Asset Management Co. Ltd now owns 465 shares of the company’s stock valued at $27,000 after purchasing an additional 451 shares during the period. Clearstead Advisors LLC increased its position in NorthWestern Energy Group by 1,220.0% during the third quarter. Clearstead Advisors LLC now owns 528 shares of the company’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. PenderFund Capital Management Ltd. purchased a new position in NorthWestern Energy Group during the third quarter worth approximately $37,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of 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. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About NorthWestern Energy Group

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.