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

NorthWestern Energy Group (NYSE:NWE) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $3.32-3.47 for the period, compared to the consensus EPS estimate of $3.45.

Analyst Upgrades and Downgrades

Several research firms have commented on NWE. Mizuho lifted their target price on shares of 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 lifted their price target on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. StockNews.com cut shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. 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 price target on the stock. Finally, JPMorgan Chase & Co. lifted 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, NorthWestern Energy Group currently has an average rating of “Hold” and a consensus price target of $56.14.

NorthWestern Energy Group Stock Performance

Shares of NYSE:NWE traded up $0.32 during midday trading on Wednesday, reaching $53.87. 152,079 shares of the company traded hands, compared to its average volume of 342,930. NorthWestern Energy Group has a 12 month low of $46.15 and a 12 month high of $57.48. The firm’s fifty day moving average price is $55.35 and its two-hundred day moving average price is $52.61. 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 firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 2.54 and a beta of 0.46.

NorthWestern Energy Group (NYSE:NWE) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05). The firm had revenue of $345.20 million during the quarter, compared to analysts’ expectations of $344.06 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. During the same period in the previous year, the company posted $0.49 earnings per share. On average, equities analysts expect that NorthWestern Energy Group will post 3.49 earnings per share for the current year.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.65 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 4.83%. NorthWestern Energy Group’s dividend payout ratio is currently 75.80%.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now directly owns 10,778 shares in the company, valued at approximately $559,593.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.57% 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.