NorthWestern Energy Group (NYSE:NWE) Releases Earnings Results

NorthWestern Energy Group (NYSE:NWE) posted its earnings results on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05, Briefing.com reports. The business had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Trading Up 0.5 %

NWE stock traded up $0.26 during trading on Wednesday, reaching $53.77. 565,908 shares of the stock were exchanged, compared to its average volume of 333,591. 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 firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 16.57 and a beta of 0.45. The business has a 50 day moving average price of $50.83 and a 200-day moving average price of $49.86. NorthWestern Energy Group has a 1 year low of $45.97 and a 1 year high of $57.26.

Insider Transactions at NorthWestern Energy Group

In other NorthWestern Energy Group news, Director Britt E. Ide sold 687 shares of NorthWestern Energy Group stock in a transaction 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 sale, the director now 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. In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $51.15, for a total value of $80,049.75. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Britt E. Ide sold 687 shares of the firm’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 transaction of $35,243.10. Following the sale, the director now directly owns 10,640 shares in the company, valued at approximately $545,832. The disclosure for this sale can be found here. Insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. 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 note on Thursday, May 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.86.

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.