NorthWestern Energy Group (NYSE:NWE) Announces Earnings Results, Misses Estimates By $0.30 EPS

NorthWestern Energy Group (NYSE:NWE) issued its quarterly earnings results on Thursday. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30), Briefing.com reports. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. The firm had revenue of $475.30 million during the quarter, compared to analyst estimates of $471.60 million. During the same period in the prior year, the firm earned $1.05 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Stock Up 0.8 %

Shares of NWE traded up $0.38 during mid-day trading on Friday, reaching $50.29. The company’s stock had a trading volume of 274,909 shares, compared to its average volume of 394,423. The company’s 50 day moving average is $49.29 and its 200 day moving average is $49.49. The stock has a market cap of $3.08 billion, a PE ratio of 15.42 and a beta of 0.43. NorthWestern Energy Group has a 12-month low of $45.97 and a 12-month high of $60.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.76 and a quick ratio of 0.55.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.65 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.60 dividend on an annualized basis and a yield of 5.17%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.75%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Guggenheim upgraded shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price target on the stock in a research report on Monday, January 22nd. JPMorgan Chase & Co. boosted 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. StockNews.com upgraded NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. KeyCorp reissued a “sector weight” rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. Finally, Barclays lifted their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, NorthWestern Energy Group has an average rating of “Hold” and an average price target 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.