NorthWestern Energy Group (NYSE:NWE) Releases Earnings Results

NorthWestern Energy Group (NYSE:NWE) announced its quarterly earnings data on Thursday. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.30), Briefing.com reports. The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $471.60 million. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. NorthWestern Energy Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.05 EPS. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Stock Down 0.7 %

NYSE NWE traded down $0.36 during trading hours on Friday, reaching $49.55. 437,360 shares of the company’s stock were exchanged, compared to its average volume of 395,217. 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. The company’s 50-day moving average is $49.29 and its two-hundred day moving average is $49.49. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of 15.42 and a beta of 0.43.

NorthWestern Energy Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 5.25%. 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. NorthWestern Energy Group’s payout ratio is 80.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NWE shares. JPMorgan Chase & Co. raised their target price on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Barclays lifted their price target 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. KeyCorp reaffirmed a “sector weight” rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Finally, Guggenheim raised shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price on the stock in a research note on Monday, January 22nd. One investment 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.71.

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.