Thrivent Financial for Lutherans Boosts Stock Position in NorthWestern Energy Group, Inc. $NWE

Thrivent Financial for Lutherans raised its position in NorthWestern Energy Group, Inc. (NYSE:NWE) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 488,885 shares of the company’s stock after buying an additional 34,892 shares during the quarter. Thrivent Financial for Lutherans owned about 0.80% of NorthWestern Energy Group worth $28,654,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NWE. Millennium Management LLC bought a new position in NorthWestern Energy Group in the 1st quarter worth about $5,708,000. United Services Automobile Association bought a new position in shares of NorthWestern Energy Group in the 1st quarter worth $220,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of NorthWestern Energy Group by 13.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,776 shares of the company’s stock valued at $8,957,000 after buying an additional 18,454 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of NorthWestern Energy Group during the 2nd quarter worth $230,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in NorthWestern Energy Group in the second quarter worth $321,000. Institutional investors own 96.07% of the company’s stock.

NorthWestern Energy Group Trading Down 0.3%

Shares of NYSE:NWE opened at $67.66 on Tuesday. NorthWestern Energy Group, Inc. has a 1 year low of $50.46 and a 1 year high of $69.23. 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’s fifty day moving average price is $66.40 and its 200-day moving average price is $61.17. The company has a market cap of $4.15 billion, a P/E ratio of 18.54, a PEG ratio of 2.40 and a beta of 0.35.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NWE. 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 report on Friday, December 12th. Wells Fargo & Company lowered NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $58.00 to $53.00 in a research note on Tuesday, January 20th. Finally, Barclays upped 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. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.