NorthWestern Energy Group (NYSE:NWE) Releases FY24 Earnings Guidance

NorthWestern Energy Group (NYSE:NWE) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.42-3.62 for the period, compared to the consensus estimate of $3.49.

NorthWestern Energy Group Stock Down 1.4 %

Shares of NWE stock traded down $0.70 during mid-day trading on Thursday, reaching $49.91. 343,523 shares of the company were exchanged, compared to its average volume of 396,107. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $60.56. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.76. The company has a market capitalization of $3.06 billion, a P/E ratio of 15.72 and a beta of 0.43. The business’s 50 day simple moving average is $49.27 and its 200 day simple moving average is $49.49.

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

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.65 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 80.75%.

Wall Street Analyst Weigh In

NWE has been the topic of several research analyst reports. Barclays raised their price objective on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an underweight rating in a research note on Monday, January 22nd. JPMorgan Chase & Co. raised their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a neutral rating in a research note on Thursday, March 21st. KeyCorp restated a sector weight rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. Guggenheim upgraded NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price objective on the stock 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $51.71.

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.