NorthWestern Energy Group, Inc. (NYSE:NWE – Get Free Report) declared a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, March 13th will be given a dividend of 0.67 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, March 13th. This is a 1.5% increase from NorthWestern Energy Group’s previous quarterly dividend of $0.66.
NorthWestern Energy Group has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 21 years. NorthWestern Energy Group has a payout ratio of 69.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect NorthWestern Energy Group to earn $3.87 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 69.3%.
NorthWestern Energy Group Trading Down 2.1%
NWE stock opened at $67.83 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.52 and a debt-to-equity ratio of 0.94. NorthWestern Energy Group has a twelve month low of $50.46 and a twelve month high of $72.21. The company has a market cap of $4.17 billion, a P/E ratio of 18.58, a PEG ratio of 2.40 and a beta of 0.33. The business has a fifty day moving average of $68.08 and a 200-day moving average of $63.86.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on NWE shares. JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $60.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Barclays increased their price objective on shares of NorthWestern Energy Group from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, January 22nd. BMO Capital Markets lifted their target price on shares of NorthWestern Energy Group from $65.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Finally, Wells Fargo & Company dropped their target price on shares of NorthWestern Energy Group from $53.00 to $52.00 and set an “underweight” rating for the company in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.20.
View Our Latest Stock Analysis on NorthWestern Energy Group
NorthWestern Energy Group Company Profile
NorthWestern Energy Group (NYSE: NWE) is a regulated energy utility company based in Sioux Falls, South Dakota. The company delivers electricity and natural gas to residential, commercial and industrial customers across a service territory that spans Montana, South Dakota and Nebraska. Through its wholly owned subsidiary, NorthWestern Corporation, it operates a diversified portfolio of generation assets, including thermal, hydroelectric and renewable facilities, as well as an extensive network of transmission and distribution lines.
NorthWestern Energy’s primary business activities encompass the delivery, transmission and sale of electric and natural gas services.
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