NorthWestern Energy Group, Inc. (NYSE:NWE – Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.65 per share on Tuesday, December 31st. This represents a $2.60 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, December 13th.
NorthWestern Energy Group has raised its dividend by an average of 2.2% per year over the last three years and has raised its dividend every year for the last 20 years. NorthWestern Energy Group has a dividend payout ratio of 71.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NorthWestern Energy Group to earn $3.68 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 70.7%.
NorthWestern Energy Group Stock Performance
NYSE NWE traded up $0.36 during trading on Wednesday, reaching $53.91. 443,481 shares of the company’s stock were exchanged, compared to its average volume of 344,318. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The business has a 50 day moving average price of $55.35 and a 200-day moving average price of $52.61. The stock has a market capitalization of $3.30 billion, a P/E ratio of 15.72, a PEG ratio of 2.54 and a beta of 0.46. NorthWestern Energy Group has a fifty-two week low of $46.15 and a fifty-two week high of $57.48.
Analyst Upgrades and Downgrades
NWE has been the subject of a number of research analyst reports. Mizuho upped their price objective 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 upped their price objective on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research note on Tuesday, August 6th. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They set a “buy” rating and a $65.00 target price on the stock. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average target price of $56.14.
View Our Latest Analysis on NorthWestern Energy Group
Insider Buying and Selling at NorthWestern Energy Group
In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $51.92, for a total transaction of $35,720.96. Following the transaction, the director now directly owns 10,778 shares in the company, valued at $559,593.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.57% of the company’s stock.
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.
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