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

NorthWestern Energy Group (NYSE:NWEGet Free Report) 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.

Check Out Our Latest Report on NorthWestern Energy Group

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

(Get Free Report)

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.

See Also

Earnings History for NorthWestern Energy Group (NYSE:NWE)

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