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

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

NorthWestern Energy Group Stock Performance

Shares of NYSE:NWE opened at $57.03 on Tuesday. The business has a 50-day moving average of $53.81 and a two-hundred day moving average of $51.48. The firm has a market capitalization of $3.50 billion, a PE ratio of 17.66 and a beta of 0.46. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $57.23.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, research analysts forecast that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $0.65 per share. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.56%. NorthWestern Energy Group’s payout ratio is 80.50%.

Analysts Set New Price Targets

Several research firms have commented on NWE. StockNews.com lowered NorthWestern Energy Group from a buy rating to a hold rating in a research report on Wednesday, August 21st. Barclays raised their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an underweight rating in a report on Tuesday, August 6th. Bank of America began coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a buy rating and a $65.00 price target for the company. Finally, Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. One equities 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 MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $54.88.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group 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 transaction, the director now directly owns 10,778 shares in the company, valued at $559,593.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% 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.