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.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a neutral rating in a research report on Thursday, March 21st. KeyCorp restated a sector weight rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. Barclays raised their price target on NorthWestern Energy Group from $48.00 to $49.00 and gave the company an underweight rating in a research note on Monday, January 22nd. Guggenheim upgraded NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price target for the company in a research note on Monday, January 22nd. Finally, StockNews.com upgraded NorthWestern Energy Group from a sell rating to a hold rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $51.71.

NorthWestern Energy Group Stock Performance

NWE traded down $0.70 during trading on Thursday, hitting $49.91. The stock had a trading volume of 343,523 shares, compared to its average volume of 396,107. The company has a 50 day moving average price of $49.27 and a 200-day moving average price of $49.49. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 15.72 and a beta of 0.43. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $60.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.76 and a quick ratio of 0.55.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.19. The business had revenue of $356.00 million during the quarter, compared to the consensus estimate of $443.27 million. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. During the same period in the previous year, the company posted $1.13 EPS. As a group, research analysts predict that NorthWestern Energy Group will post 3.53 EPS for the current year.

NorthWestern Energy Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.64. This represents a $2.60 annualized dividend and a yield of 5.21%. NorthWestern Energy Group’s payout ratio is currently 80.75%.

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.