KeyCorp Issues Pessimistic Forecast for NWE Earnings

NorthWestern Energy Group, Inc. (NYSE:NWE - Free Report) - Investment analysts at KeyCorp cut their Q4 2024 earnings per share estimates for shares of NorthWestern Energy Group in a report issued on Tuesday, December 3rd. KeyCorp analyst S. Karp now forecasts that the company will post earnings of $1.13 per share for the quarter, down from their prior estimate of $1.24. The consensus estimate for NorthWestern Energy Group's current full-year earnings is $3.39 per share. KeyCorp also issued estimates for NorthWestern Energy Group's FY2025 earnings at $3.66 EPS and FY2026 earnings at $3.82 EPS.

A number of other research analysts have also recently issued reports on NWE. StockNews.com cut shares of NorthWestern Energy Group from a "buy" rating to a "hold" rating in a report on Tuesday, October 8th. Bank of America assumed coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They set a "buy" rating and a $65.00 price objective for the company. Wells Fargo & Company upped 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. JPMorgan Chase & Co. boosted their price objective 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. Finally, Mizuho increased their price objective on shares of NorthWestern Energy Group from $52.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, NorthWestern Energy Group currently has an average rating of "Hold" and a consensus target price of $57.00.

NorthWestern Energy Group Price Performance

Shares of NWE traded down $0.37 during trading hours on Friday, reaching $53.43. The company had a trading volume of 228,474 shares, compared to its average volume of 351,002. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.60 and a beta of 0.48. NorthWestern Energy Group has a 12-month low of $46.15 and a 12-month high of $57.49. The firm has a 50 day simple moving average of $55.04 and a 200-day simple moving average of $53.35. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.91.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The company reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.05). NorthWestern Energy Group had a return on equity of 7.95% and a net margin of 15.15%. The business had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same period in the prior year, the company earned $0.49 EPS.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, December 13th. This represents a $2.60 annualized dividend and a dividend yield of 4.87%. NorthWestern Energy Group's dividend payout ratio is currently 70.08%.

Institutional Trading of NorthWestern Energy Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in NorthWestern Energy Group in the 3rd quarter valued at about $35,000. Sanctuary Advisors LLC purchased a new stake in NorthWestern Energy Group in the third quarter valued at approximately $286,000. Passumpsic Savings Bank acquired a new position in NorthWestern Energy Group during the third quarter worth approximately $610,000. Arete Wealth Advisors LLC purchased a new position in NorthWestern Energy Group during the third quarter worth approximately $279,000. Finally, Geode Capital Management LLC boosted its holdings in shares of NorthWestern Energy Group by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,536,518 shares of the company's stock valued at $87,935,000 after purchasing an additional 35,279 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.