NorthWestern Energy Group (NWE) Scheduled to Post Earnings on Monday

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

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $310.40 million. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. 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

Shares of NWE stock opened at $54.48 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.92. The stock’s 50-day moving average price is $55.31 and its 200 day moving average price is $52.51. NorthWestern Energy Group has a 52-week low of $46.15 and a 52-week high of $57.48. The stock has a market capitalization of $3.34 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.53 and a beta of 0.46.

NorthWestern Energy Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Friday, September 13th. NorthWestern Energy Group’s payout ratio is 75.80%.

Insider Activity at NorthWestern Energy Group

In related news, Director Britt E. Ide sold 688 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total value of $35,720.96. Following the sale, the director now owns 10,778 shares of the company’s stock, valued at approximately $559,593.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com cut NorthWestern Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Mizuho boosted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Bank of America started coverage on NorthWestern Energy Group in a research note on Thursday, September 12th. They set a “buy” rating and a $65.00 price target on the stock. Wells Fargo & Company boosted their price target on NorthWestern Energy Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Barclays boosted their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the stock an “underweight” rating in a research note 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 stock. According to data from MarketBeat, NorthWestern Energy Group presently has a consensus rating of “Hold” and an average target price of $56.14.

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.