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

NorthWestern Energy Group (NYSE:NWE) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.420-3.620 for the period, compared to the consensus earnings per share estimate of 3.490. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

NWE has been the subject of several research analyst reports. Guggenheim raised NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 target price for the company in a research report on Monday, January 22nd. KeyCorp restated a sector weight rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. Barclays boosted their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an underweight rating in a report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a neutral rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded shares of NorthWestern Energy Group from a sell rating to a hold rating in a research report on Tuesday, April 16th. One 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.com, the company currently has a consensus rating of Hold and a consensus target price of $51.71.

NorthWestern Energy Group Price Performance

NYSE:NWE traded down $0.36 during mid-day trading on Friday, reaching $49.55. The stock had a trading volume of 438,152 shares, compared to its average volume of 247,117. The stock has a market capitalization of $3.04 billion, a P/E ratio of 15.34 and a beta of 0.43. The firm has a 50 day moving average price of $49.30 and a two-hundred day moving average price of $49.50. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.76. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $60.56.

NorthWestern Energy Group (NYSE:NWE) last released 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). The company had revenue of $475.30 million for the quarter, compared to analysts’ expectations of $471.60 million. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.36%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. As a group, analysts expect that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a yield of 5.25%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. NorthWestern Energy Group’s payout ratio is presently 80.50%.

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.