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

NorthWestern Energy Group (NYSE:NWE) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $3.42-3.62 for the period, compared to the consensus EPS estimate of $3.49.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE traded down $0.36 during trading on Friday, reaching $49.55. The company had a trading volume of 438,152 shares, compared to its average volume of 247,117. The company has a fifty day moving average of $49.30 and a two-hundred day moving average of $49.50. The stock has a market capitalization of $3.04 billion, a P/E ratio of 15.34 and a beta of 0.43. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $60.56. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). The company had revenue of $475.30 million during the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a return on equity of 7.36% and a net margin of 13.62%. NorthWestern Energy Group’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Equities research analysts forecast that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NWE shares. Guggenheim raised shares of NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price target on the stock in a report on Monday, January 22nd. KeyCorp reaffirmed a sector weight rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. JPMorgan Chase & Co. increased their target price 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. Barclays increased 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. Finally, StockNews.com raised shares of NorthWestern Energy Group from a sell rating to a hold rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, NorthWestern Energy Group currently has an average rating of Hold and an average price target of $51.71.

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.