NorthWestern Energy Group (NYSE:NWE) Releases FY 2024 Earnings Guidance

NorthWestern Energy Group (NYSE:NWE) updated its FY 2024 earnings guidance on Monday. The company provided EPS guidance of 3.420-3.620 for the period, compared to the consensus EPS estimate of 3.500. The company issued revenue guidance of -.

NorthWestern Energy Group Price Performance

Shares of NWE opened at $56.93 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $53.95 and its two-hundred day moving average is $51.57. NorthWestern Energy Group has a twelve month low of $45.97 and a twelve month high of $57.48. The firm has a market capitalization of $3.49 billion, a PE ratio of 17.63, a P/E/G ratio of 2.61 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Research analysts anticipate that NorthWestern Energy Group will post 3.56 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.57%. NorthWestern Energy Group’s dividend payout ratio is presently 80.50%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an underweight rating in a research report on Tuesday, August 6th. Wells Fargo & Company upped their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an overweight rating in a report on Thursday, August 1st. StockNews.com raised NorthWestern Energy Group from a hold rating to a buy rating in a research note on Wednesday. Finally, Bank of America started coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a buy rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of Hold and an average price target of $54.88.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the transaction, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is owned by corporate insiders.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.