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

NorthWestern Energy Group (NYSE:NWE) issued an update on its FY 2024 earnings guidance on Sunday morning. The company provided EPS guidance of 3.420-3.620 for the period, compared to the consensus EPS estimate of 3.500. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NWE. Wells Fargo & Company boosted their price target on NorthWestern Energy Group from $54.00 to $58.00 and gave the company an overweight rating in a research note on Thursday, August 1st. Mizuho upped their target price on NorthWestern Energy Group from $51.00 to $52.00 and gave the company a neutral rating in a research note on Thursday, May 16th. Finally, StockNews.com upgraded shares of NorthWestern Energy Group from a hold rating to a buy rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $52.86.

NorthWestern Energy Group Stock Performance

NorthWestern Energy Group stock opened at $51.49 on Tuesday. The firm has a market capitalization of $3.16 billion, a P/E ratio of 15.94 and a beta of 0.45. The stock has a fifty day moving average price of $50.96 and a two-hundred day moving average price of $49.96. NorthWestern Energy Group has a 52-week low of $45.97 and a 52-week high of $55.47. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.66.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The business had revenue of $319.90 million during the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. As a group, analysts anticipate that NorthWestern Energy Group will post 3.52 EPS for the current fiscal year.

NorthWestern Energy Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.65 per share. The ex-dividend date is Friday, September 13th. This represents a $2.60 dividend on an annualized basis and a yield of 5.05%. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.50%.

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.