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

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NWE shares. JPMorgan Chase & Co. upped their price objective on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a neutral rating in a report on Thursday, March 21st. Mizuho raised their price target 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, StockNews.com upgraded shares of NorthWestern Energy Group from a sell rating to a hold rating in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $51.86.

NorthWestern Energy Group Price Performance

NorthWestern Energy Group stock opened at $49.57 on Tuesday. The stock has a market capitalization of $3.04 billion, a P/E ratio of 14.99 and a beta of 0.45. The company’s fifty day moving average price is $50.72 and its 200 day moving average price is $49.96. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.89. NorthWestern Energy Group has a 1 year low of $45.97 and a 1 year high of $59.12.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results 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 net margin of 13.62% and a return on equity of 7.31%. The company had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that NorthWestern Energy Group will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Dividend Announcement

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

Insider Buying and Selling at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 687 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $35,243.10. Following the completion of the sale, the director now directly owns 10,640 shares in the company, valued at $545,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Britt E. Ide sold 687 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the completion of the sale, the director now directly owns 10,640 shares in the company, valued at $545,832. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP John D. Hines sold 1,565 shares of NorthWestern Energy Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the transaction, the vice president now owns 32,794 shares in the company, valued at approximately $1,677,413.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,602 shares of company stock worth $183,805. Corporate 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.