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

NorthWestern Energy Group (NYSE:NWE) issued an update on its FY 2024 earnings guidance on Saturday morning. The company provided earnings per share guidance of 3.420-3.620 for the period, compared to the consensus earnings per share estimate of 3.480. The company issued revenue guidance of -.

NorthWestern Energy Group Trading Down 0.1 %

NWE opened at $49.57 on Tuesday. The firm’s fifty day moving average price is $50.72 and its 200 day moving average price is $49.96. The stock has a market capitalization of $3.04 billion, a PE ratio of 14.99 and a beta of 0.45. NorthWestern Energy Group has a 12-month low of $45.97 and a 12-month high of $59.12. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). NorthWestern Energy Group had a return on equity of 7.31% and a net margin of 13.62%. The firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. As a group, research analysts expect that NorthWestern Energy Group will post 3.53 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.60 annualized dividend and a yield of 5.25%. NorthWestern Energy Group’s dividend payout ratio (DPR) is 80.50%.

Wall Street Analysts Forecast Growth

NWE has been the subject of several analyst reports. StockNews.com upgraded shares of NorthWestern Energy Group from a sell rating to a hold rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a neutral rating in a research report on Thursday, March 21st. Finally, Mizuho lifted their price target on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a neutral rating in a report on Thursday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $51.86.

Insider Activity

In other NorthWestern Energy Group news, VP Bobbi L. Schroeppel sold 1,350 shares of NorthWestern Energy Group 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 directly owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other NorthWestern Energy Group news, VP Bobbi L. Schroeppel sold 1,350 shares of the business’s stock in a transaction 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 sale, the vice president now owns 31,814 shares of the company’s stock, valued at approximately $1,614,560.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.30, for a total transaction of $35,243.10. Following the sale, the director now owns 10,640 shares in the company, valued at $545,832. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,602 shares of company stock valued at $183,805. 0.57% of the stock is owned by insiders.

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.