NorthWestern Energy Group (NYSE:NWE) Releases FY24 Earnings Guidance

NorthWestern Energy Group (NYSE:NWE) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.32-3.47 for the period, compared to the consensus estimate of $3.45.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NWE shares. Barclays raised their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Bank of America assumed coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Mizuho boosted their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.14.

NorthWestern Energy Group Trading Up 0.6 %

NYSE:NWE traded up $0.32 on Wednesday, reaching $53.87. 152,079 shares of the stock traded hands, compared to its average volume of 342,930. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 1-year low of $46.15 and a 1-year high of $57.48. The company’s 50 day moving average is $55.35 and its 200-day moving average is $52.61. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The firm had revenue of $345.20 million for the quarter, compared to the consensus estimate of $344.06 million. During the same period last year, the company posted $0.49 EPS. Equities research analysts anticipate that NorthWestern Energy Group will post 3.49 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.83%. NorthWestern Energy Group’s payout ratio is currently 75.80%.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the completion of the sale, the director now directly owns 10,778 shares in the company, valued at $559,593.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.57% of the company’s stock.

NorthWestern Energy Group Company Profile

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.