NorthWestern Energy Group (NYSE:NWE) Issues Earnings Results, Misses Expectations By $0.05 EPS

NorthWestern Energy Group (NYSE:NWEGet Free Report) announced its earnings results on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.05), Zacks reports. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The business had revenue of $345.20 million for the quarter, compared to analysts’ expectations of $344.06 million. During the same quarter last year, the firm earned $0.49 EPS.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock traded down $1.85 during trading hours on Tuesday, hitting $53.49. 134,665 shares of the stock traded hands, compared to its average volume of 340,418. The firm’s 50 day moving average price is $55.34 and its 200-day moving average price is $52.58. 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 stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 2.54 and a beta of 0.46. NorthWestern Energy Group has a 1 year low of $46.15 and a 1 year high of $57.48.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.65 per share. The ex-dividend date was Friday, September 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.86%. NorthWestern Energy Group’s payout ratio is currently 75.80%.

Analysts Set New Price Targets

Several research firms have issued reports on NWE. Barclays boosted their price objective on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Bank of America assumed coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a “buy” rating and a $65.00 price objective on the stock. Mizuho increased their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.14.

Check Out Our Latest Stock Analysis on NWE

Insider Transactions at NorthWestern Energy Group

In related 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 value of $35,720.96. Following the transaction, the director now owns 10,778 shares in the company, valued at approximately $559,593.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.

About NorthWestern Energy Group

(Get Free Report)

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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Earnings History for NorthWestern Energy Group (NYSE:NWE)

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