KeyCorp Weighs in on NorthWestern Energy Group, Inc.’s Q2 2024 Earnings (NYSE:NWE)

NorthWestern Energy Group, Inc. (NYSE:NWE) – Equities research analysts at KeyCorp issued their Q2 2024 earnings per share (EPS) estimates for NorthWestern Energy Group in a research note issued on Sunday, July 21st. KeyCorp analyst S. Karp expects that the company will earn $0.46 per share for the quarter. The consensus estimate for NorthWestern Energy Group’s current full-year earnings is $3.53 per share. KeyCorp also issued estimates for NorthWestern Energy Group’s FY2028 earnings at $4.22 EPS.

A number of other analysts have also recently weighed in on the company. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Mizuho raised their price objective on NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.86.

NorthWestern Energy Group Stock Up 0.9 %

Shares of NYSE NWE opened at $53.13 on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $3.26 billion, a PE ratio of 16.45 and a beta of 0.45. The stock’s fifty day simple moving average is $50.80 and its two-hundred day simple moving average is $49.82. NorthWestern Energy Group has a 12-month low of $45.97 and a 12-month high of $57.65.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Thursday, April 25th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.30). The company had revenue of $475.30 million for the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS.

Insider Activity

In related news, VP John D. Hines sold 1,565 shares of the 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 completion of the transaction, the vice president now directly owns 32,794 shares in the company, valued at $1,677,413.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP John D. Hines sold 1,565 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total transaction of $80,049.75. Following the completion of the transaction, the vice president now directly owns 32,794 shares in the company, valued at $1,677,413.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Britt E. Ide sold 687 shares of the stock in a transaction on 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 owns 10,640 shares in the company, valued at $545,832. The disclosure for this sale can be found here. Insiders sold 3,602 shares of company stock worth $183,805 over the last ninety days. Corporate insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On NorthWestern Energy Group

Several hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in NorthWestern Energy Group in the 1st quarter valued at approximately $28,000. Fidelis Capital Partners LLC acquired a new position in NorthWestern Energy Group in the 1st quarter valued at $28,000. Headlands Technologies LLC raised its holdings in NorthWestern Energy Group by 138.1% in the 4th quarter. Headlands Technologies LLC now owns 550 shares of the company’s stock valued at $28,000 after acquiring an additional 319 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of NorthWestern Energy Group during the 1st quarter valued at $33,000. Finally, GAMMA Investing LLC purchased a new stake in shares of NorthWestern Energy Group during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 96.07% 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.