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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on NWE shares. Bank of America assumed coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a buy rating and a $65.00 price target for the company. Wells Fargo & Company lifted their price target on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Barclays increased their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an underweight rating in a research note on Tuesday, August 6th. Finally, StockNews.com downgraded NorthWestern Energy Group from a buy rating to a hold rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $54.88.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $56.47 on Monday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 17.48 and a beta of 0.46. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $57.23. The stock’s 50 day moving average is $53.69 and its 200-day moving average is $51.43.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The company had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. During the same quarter last year, the firm earned $0.35 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis. Equities research analysts expect that NorthWestern Energy Group will post 3.53 EPS 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. Shareholders of record on Friday, September 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.60%. NorthWestern Energy Group’s payout ratio is presently 80.50%.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of the stock in a transaction that occurred 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 sale, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.94% of the stock is 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.