NorthWestern Energy Group (NYSE:NWE) Updates FY24 Earnings Guidance

NorthWestern Energy Group (NYSE:NWEGet Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.42-$3.62 for the period, compared to the consensus earnings per share estimate of $3.50.

NorthWestern Energy Group Price Performance

Shares of NorthWestern Energy Group stock opened at $51.72 on Wednesday. The firm has a fifty day simple moving average of $50.71 and a 200-day simple moving average of $49.98. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. NorthWestern Energy Group has a 1-year low of $45.97 and a 1-year high of $59.59. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 16.01 and a beta of 0.45.

NorthWestern Energy Group (NYSE:NWEGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The company reported $1.09 earnings per share 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 in the previous year, the firm posted $1.05 earnings per share. NorthWestern Energy Group’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Friday, June 14th. NorthWestern Energy Group’s payout ratio is 80.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NWE. StockNews.com raised shares of NorthWestern Energy Group from a sell rating to a hold rating in a research report on Tuesday, April 16th. Mizuho boosted their target price on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a neutral rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. boosted 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $51.86.

Check Out Our Latest Report on NorthWestern Energy Group

Insider Buying and Selling

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. 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, VP John D. Hines sold 1,565 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total transaction of $80,049.75. Following the completion of the sale, the vice president now directly owns 32,794 shares in the company, valued at approximately $1,677,413.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,602 shares of company stock valued at $183,805. 0.57% of the stock is owned by company insiders.

NorthWestern Energy Group Company Profile

(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 and Estimates for NorthWestern Energy Group (NYSE:NWE)

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