NorthWestern Energy Group (NWE) to Release Earnings on Monday

NorthWestern Energy Group (NYSE:NWE) will be posting its quarterly earnings results after the market closes on Monday, October 28th. Analysts expect NorthWestern Energy Group to post earnings of $0.76 per share for the quarter. NorthWestern Energy Group has set its FY24 guidance at $3.42-3.62 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE) last posted its earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.05. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. The business had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $310.40 million. During the same period in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts expect NorthWestern Energy Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NorthWestern Energy Group Stock Performance

NYSE NWE opened at $54.48 on Friday. The company’s 50 day simple moving average is $55.31 and its two-hundred day simple moving average is $52.49. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.52 and a quick ratio of 0.36. The stock has a market capitalization of $3.34 billion, a PE ratio of 15.88, a P/E/G ratio of 2.53 and a beta of 0.46. NorthWestern Energy Group has a 1 year low of $46.15 and a 1 year high of $57.48.

NorthWestern Energy Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Friday, September 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 75.80%.

Wall Street Analysts Forecast Growth

NWE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Mizuho lifted their target price on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Bank of America initiated coverage on shares of NorthWestern Energy Group in a research report on Thursday, September 12th. They issued a “buy” rating and a $65.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their target price on shares of NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.14.

Insiders Place Their Bets

In other news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total transaction of $35,720.96. Following the sale, the director now owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.94% of the company’s stock.

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.