129,078 Shares in NorthWestern Energy Group, Inc. $NWE Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC purchased a new position in shares of NorthWestern Energy Group, Inc. (NYSE:NWE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 129,078 shares of the company’s stock, valued at approximately $7,565,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp raised its stake in NorthWestern Energy Group by 0.5% during the 2nd quarter. State Street Corp now owns 2,594,485 shares of the company’s stock valued at $133,097,000 after acquiring an additional 12,530 shares during the last quarter. Geode Capital Management LLC lifted its position in NorthWestern Energy Group by 0.5% in the second quarter. Geode Capital Management LLC now owns 1,577,465 shares of the company’s stock valued at $80,938,000 after purchasing an additional 7,684 shares during the period. Franklin Resources Inc. lifted its position in NorthWestern Energy Group by 0.8% in the second quarter. Franklin Resources Inc. now owns 1,334,017 shares of the company’s stock valued at $68,435,000 after purchasing an additional 11,084 shares during the period. Bank of America Corp DE increased its position in 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 during the period. Finally, Systematic Financial Management LP increased its position in NorthWestern Energy Group by 2.7% during the 2nd quarter. Systematic Financial Management LP now owns 1,145,309 shares of the company’s stock worth $58,754,000 after purchasing an additional 30,471 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in 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. Barclays boosted their target price on NorthWestern Energy Group from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. Finally, Wells Fargo & Company lowered shares of NorthWestern Energy Group from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $58.00 to $53.00 in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, NorthWestern Energy Group presently has an average rating of “Hold” and a consensus price target of $58.40.

NorthWestern Energy Group Trading Up 1.5%

Shares of NorthWestern Energy Group stock opened at $68.35 on Wednesday. The firm has a market cap of $4.20 billion, a PE ratio of 18.73, a P/E/G ratio of 2.40 and a beta of 0.34. The business’s fifty day moving average is $66.47 and its two-hundred day moving average is $61.85. NorthWestern Energy Group, Inc. has a fifty-two week low of $50.46 and a fifty-two week high of $71.25. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94.

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.