KeyCorp Weighs in on NorthWestern Energy Group, Inc.’s Q2 2024 Earnings (NYSE:NWE)

NorthWestern Energy Group, Inc. (NYSE:NWE) – Research analysts at KeyCorp issued their Q2 2024 earnings per share (EPS) estimates for shares of NorthWestern Energy Group in a report released on Sunday, July 21st. KeyCorp analyst S. Karp expects that the company will post earnings of $0.46 per share for the quarter. The consensus estimate for NorthWestern Energy Group’s current full-year earnings is $3.53 per share. KeyCorp also issued estimates for NorthWestern Energy Group’s FY2028 earnings at $4.22 EPS.

A number of other research analysts have also recently issued reports on NWE. Mizuho increased their target price on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $51.86.

NorthWestern Energy Group Stock Performance

NYSE:NWE opened at $53.13 on Wednesday. The firm’s fifty day simple moving average is $50.80 and its 200-day simple moving average is $49.82. The company has a quick ratio of 0.66, a current ratio of 0.89 and a debt-to-equity ratio of 0.99. The stock has a market cap of $3.26 billion, a PE ratio of 16.45 and a beta of 0.45. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $57.65.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.30). The business had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Insider Buying and Selling

In related news, VP Bobbi L. Schroeppel sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $50.75, for a total value of $68,512.50. Following the completion of the transaction, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following the sale, the vice president now directly owns 32,794 shares in the company, valued at approximately $1,677,413.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bobbi L. Schroeppel sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $50.75, for a total value of $68,512.50. Following the transaction, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,602 shares of company stock valued at $183,805 over the last quarter. Corporate insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On NorthWestern Energy Group

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in NorthWestern Energy Group by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,592,679 shares of the company’s stock worth $316,844,000 after purchasing an additional 19,489 shares during the period. Raymond James Trust N.A. acquired a new position in shares of NorthWestern Energy Group in the fourth quarter valued at about $215,000. Raymond James & Associates raised its stake in NorthWestern Energy Group by 188.1% in the 4th quarter. Raymond James & Associates now owns 335,634 shares of the company’s stock worth $17,080,000 after purchasing an additional 219,145 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of NorthWestern Energy Group in the fourth quarter valued at approximately $206,000. Finally, Pacer Advisors Inc. increased its holdings in NorthWestern Energy Group by 186.4% in the 4th quarter. Pacer Advisors Inc. now owns 14,533 shares of the company’s stock valued at $740,000 after buying an additional 9,459 shares during the period. 96.07% of the stock is owned by institutional investors.

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.