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

NorthWestern Energy Group (NYSE:NWE) updated its FY 2024 earnings guidance on Sunday. 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 -.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NWE. Wells Fargo & Company boosted their price target 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. StockNews.com upgraded shares of NorthWestern Energy Group from a hold rating to a buy rating in a research report on Friday. Finally, Mizuho boosted their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $52.86.

NorthWestern Energy Group Trading Up 0.8 %

Shares of NYSE:NWE traded up $0.45 during mid-day trading on Friday, hitting $53.91. The company had a trading volume of 333,432 shares, compared to its average volume of 298,192. The firm has a fifty day moving average price of $50.96 and a 200 day moving average price of $49.95. The company has a market capitalization of $3.30 billion, a PE ratio of 16.69 and a beta of 0.45. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.66. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $55.97.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. The company had revenue of $319.90 million during the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, research analysts forecast that NorthWestern Energy Group will post 3.52 EPS for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.82%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.50%.

Insider Buying and Selling at NorthWestern Energy Group

In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total transaction of $80,049.75. Following the completion of the sale, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is currently owned by company insiders.

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.