NorthWestern Energy Group (NYSE:NWE) Announces Quarterly Earnings Results

NorthWestern Energy Group (NYSE:NWE) posted its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share for the quarter, beating 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 analysts’ expectations of $310.40 million. NorthWestern Energy Group had a return on equity of 7.67% and a net margin of 14.21%. The business’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Stock Performance

Shares of NWE stock traded up $0.01 during mid-day trading on Friday, reaching $53.47. 85,205 shares of the company’s stock traded hands, compared to its average volume of 332,749. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $55.97. The firm has a 50 day moving average price of $50.91 and a two-hundred day moving average price of $49.91. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.66 and a current ratio of 0.89. The firm has a market capitalization of $3.28 billion, a PE ratio of 16.55 and a beta of 0.45.

NorthWestern Energy Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Friday, September 13th. NorthWestern Energy Group’s payout ratio is 80.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NWE shares. StockNews.com upgraded shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Mizuho lifted their target price on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, May 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.86.

Insider Activity

In related news, VP John D. Hines sold 1,565 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now owns 32,794 shares of the company’s stock, valued at approximately $1,677,413.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company’s stock.

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.