NorthWestern Energy Group (NWE) to Release Earnings on Monday

NorthWestern Energy Group (NYSE:NWE - Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.76 per share for the quarter. NorthWestern Energy Group has set its FY24 guidance at $3.42-3.62 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $310.40 million. During the same period last year, the business earned $0.35 EPS. The business's revenue was up 10.1% on a year-over-year basis. 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 traded down $1.15 during trading hours on Monday, reaching $55.32. 461,114 shares of the stock were exchanged, compared to its average volume of 331,704. The stock has a market capitalization of $3.39 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.56 and a beta of 0.46. The firm has a 50 day simple moving average of $55.13 and a 200-day simple moving average of $52.39. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 52 week low of $46.15 and a 52 week high of $57.48.

NorthWestern Energy Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date of this dividend was Friday, September 13th. NorthWestern Energy Group's payout ratio is 80.50%.

Analysts Set New Price Targets

A number of research firms have commented on NWE. Mizuho boosted their price target 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. JPMorgan Chase & Co. raised their price target on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday. Wells Fargo & Company upped their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Barclays boosted their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an "underweight" rating in a report on Tuesday, August 6th. Finally, StockNews.com downgraded shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $56.14.

Insider Activity

In related news, Director Britt E. Ide sold 688 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $51.92, for a total value of $35,720.96. Following the transaction, the director now directly owns 10,778 shares in the company, valued at approximately $559,593.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.