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

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

Analysts Set New Price Targets

NWE has been the topic of several recent analyst reports. Barclays increased their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an underweight rating in a report on Tuesday, August 6th. Wells Fargo & Company increased their price objective on NorthWestern Energy Group from $54.00 to $58.00 and gave the company an overweight rating in a report on Thursday, August 1st. Bank of America began coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a buy rating and a $65.00 target price for the company. Finally, StockNews.com raised NorthWestern Energy Group from a hold rating to a buy rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group presently has a consensus rating of Hold and a consensus price target of $54.88.

NorthWestern Energy Group Stock Up 0.1 %

NWE opened at $56.93 on Thursday. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $57.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.52. The stock has a market capitalization of $3.49 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 2.61 and a beta of 0.46. The business’s 50-day simple moving average is $53.95 and its 200-day simple moving average is $51.57.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The company had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The firm’s revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Analysts anticipate that NorthWestern Energy Group will post 3.56 EPS for the current year.

NorthWestern Energy Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio is currently 80.50%.

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total transaction of $35,720.96. Following the completion of the sale, the director now owns 10,778 shares in the company, valued at $559,593.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is currently owned by company insiders.

About NorthWestern Energy Group

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.