NorthWestern Energy Group (NYSE:NWE) Announces Quarterly Earnings Results, Misses Estimates By $0.05 EPS

NorthWestern Energy Group (NYSE:NWE) announced its quarterly earnings data on Monday. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05), Zacks reports. The business had revenue of $345.20 million during the quarter, compared to analyst estimates of $344.06 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. During the same quarter last year, the firm posted $0.49 EPS.

NorthWestern Energy Group Price Performance

NWE stock traded down $0.04 on Thursday, reaching $53.87. 30,739 shares of the company’s stock were exchanged, compared to its average volume of 342,951. NorthWestern Energy Group has a twelve month low of $46.15 and a twelve month high of $57.48. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock has a fifty day moving average of $55.36 and a 200-day moving average of $52.62. The firm has a market cap of $3.30 billion, a PE ratio of 15.72, a P/E/G ratio of 2.54 and a beta of 0.46.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.65 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.83%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 75.80%.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group 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 directly owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

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.