KeyCorp Issues Positive Outlook for NWE Earnings

NorthWestern Energy Group, Inc. (NYSE:NWE) – Stock analysts at KeyCorp lifted their Q4 2024 earnings estimates for NorthWestern Energy Group in a note issued to investors on Monday, October 21st. KeyCorp analyst S. Karp now expects that the company will post earnings of $1.24 per share for the quarter, up from their prior forecast of $1.17. The consensus estimate for NorthWestern Energy Group’s current full-year earnings is $3.54 per share. KeyCorp also issued estimates for NorthWestern Energy Group’s FY2025 earnings at $3.65 EPS and FY2028 earnings at $4.24 EPS.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, beating the consensus estimate 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 business had revenue of $319.90 million for the quarter, compared to the consensus estimate of $310.40 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. NorthWestern Energy Group’s revenue for the quarter was up 10.1% on a year-over-year basis.

A number of other equities analysts have also weighed in on NWE. StockNews.com lowered shares of NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho boosted their price objective on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Barclays increased their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a report on Tuesday, August 6th. Finally, Bank of America started coverage on NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.14.

NorthWestern Energy Group Stock Down 0.4 %

NWE stock opened at $55.10 on Thursday. The stock has a fifty day moving average of $55.28 and a 200-day moving average of $52.47. NorthWestern Energy Group has a fifty-two week low of $46.15 and a fifty-two week high of $57.48. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.53 and a beta of 0.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.52.

Hedge Funds Weigh In On NorthWestern Energy Group

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in NorthWestern Energy Group by 128.8% during the first quarter. BNP Paribas Financial Markets now owns 63,292 shares of the company’s stock valued at $3,223,000 after acquiring an additional 35,628 shares during the last quarter. Russell Investments Group Ltd. raised its position in NorthWestern Energy Group by 429.0% in the 1st quarter. Russell Investments Group Ltd. now owns 105,103 shares of the company’s stock worth $5,353,000 after purchasing an additional 85,235 shares during the period. Cetera Investment Advisers lifted its stake in NorthWestern Energy Group by 49.0% in the first quarter. Cetera Investment Advisers now owns 30,963 shares of the company’s stock worth $1,577,000 after purchasing an additional 10,185 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of NorthWestern Energy Group by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,780,298 shares of the company’s stock worth $345,049,000 after buying an additional 187,619 shares during the period. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of NorthWestern Energy Group in the 1st quarter valued at about $2,862,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the business’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 completion of the transaction, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by insiders.

NorthWestern Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date was Friday, September 13th. NorthWestern Energy Group’s payout ratio is 75.80%.

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.