NorthWestern Energy Group (NYSE:NWE - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.32-3.47 for the period, compared to the consensus estimate of $3.45.
Analyst Ratings Changes
A number of research firms recently weighed in on NWE. JPMorgan Chase & Co. lifted their price objective on shares of NorthWestern Energy Group from $56.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Wells Fargo & Company raised their target price on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Bank of America started coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a "buy" rating and a $65.00 target price for the company. Mizuho raised their target price on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Finally, Barclays raised their target price on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an "underweight" rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, NorthWestern Energy Group currently has an average rating of "Hold" and an average target price of $56.14.
Read Our Latest Research Report on NorthWestern Energy Group
NorthWestern Energy Group Price Performance
NorthWestern Energy Group stock traded down $1.79 during midday trading on Tuesday, reaching $53.55. 792,762 shares of the company were exchanged, compared to its average volume of 343,571. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 2.54 and a beta of 0.46. The firm's 50-day simple moving average is $55.34 and its 200-day simple moving average is $52.58. NorthWestern Energy Group has a 1 year low of $46.15 and a 1 year high of $57.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.36 and a current ratio of 0.52.
NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). The company had revenue of $345.20 million for the quarter, compared to analysts' expectations of $344.06 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. During the same quarter in the prior year, the business posted $0.49 EPS. On average, analysts anticipate that NorthWestern Energy Group will post 3.49 EPS for the current year.
NorthWestern Energy Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, September 13th. NorthWestern Energy Group's dividend payout ratio (DPR) is 75.80%.
Insider Buying and Selling at NorthWestern Energy Group
In other NorthWestern Energy Group news, Director Britt E. Ide sold 688 shares of NorthWestern Energy Group stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the completion of the sale, the director now owns 10,778 shares in the company, valued at $559,593.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is owned by company insiders.
About NorthWestern Energy Group
(
Get Free Report)
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.
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