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

NorthWestern Energy Group (NYSE:NWE) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $3.42-3.62 for the period, compared to the consensus EPS estimate of $3.49.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp reiterated a sector weight rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. JPMorgan Chase & Co. upped their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a neutral rating in a report on Thursday, March 21st. Barclays upped their price target on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an underweight rating in a report on Monday, January 22nd. Guggenheim upgraded shares of NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price target on the stock in a report on Monday, January 22nd. Finally, StockNews.com upgraded shares of NorthWestern Energy Group from a sell rating to a hold rating in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $51.71.

NorthWestern Energy Group Stock Down 0.7 %

NYSE:NWE traded down $0.36 during mid-day trading on Friday, reaching $49.55. The company’s stock had a trading volume of 438,152 shares, compared to its average volume of 247,117. NorthWestern Energy Group has a 1 year low of $45.97 and a 1 year high of $60.56. The stock has a fifty day moving average of $49.30 and a 200-day moving average of $49.50. The firm has a market capitalization of $3.04 billion, a PE ratio of 15.34 and a beta of 0.43. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.97.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). NorthWestern Energy Group had a return on equity of 7.36% and a net margin of 13.62%. The business had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. During the same period last year, the company earned $1.05 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts forecast that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 5.25%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, March 14th. NorthWestern Energy Group’s dividend payout ratio is presently 80.50%.

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.