NorthWestern Energy Group (NWE) to Release Quarterly Earnings on Thursday

NorthWestern Energy Group (NYSE:NWE - Get Free Report) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.39 per share for the quarter. NorthWestern Energy Group has set its FY 2024 guidance at 3.420-3.620 EPS and its FY24 guidance at $3.42-3.62 EPS.Parties that are interested in participating in the company's conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last posted its earnings results on Thursday, February 15th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.19. The company had revenue of $356.00 million for the quarter, compared to analyst estimates of $443.27 million. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. During the same quarter in the prior year, the company earned $1.13 earnings per share. 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 Price Performance

Shares of NYSE:NWE traded up $0.41 during midday trading on Thursday, hitting $48.93. 293,343 shares of the stock were exchanged, compared to its average volume of 405,145. The stock has a market cap of $3.00 billion, a P/E ratio of 14.65 and a beta of 0.43. NorthWestern Energy Group has a twelve month low of $45.97 and a twelve month high of $60.56. The company has a 50 day moving average price of $48.97 and a 200-day moving average price of $49.41. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

NorthWestern Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.65 per share. 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 5.31%. This is a boost from NorthWestern Energy Group's previous quarterly dividend of $0.64. NorthWestern Energy Group's payout ratio is presently 80.75%.

Institutional Investors Weigh In On NorthWestern Energy Group

Several hedge funds have recently modified their holdings of NWE. Lazard Asset Management LLC grew its stake in NorthWestern Energy Group by 49.9% during the first quarter. Lazard Asset Management LLC now owns 5,079,648 shares of the company's stock worth $307,267,000 after buying an additional 1,690,016 shares during the period. State Street Corp increased its holdings in NorthWestern Energy Group by 42.3% in the 1st quarter. State Street Corp now owns 2,393,653 shares of the company's stock valued at $144,792,000 after purchasing an additional 711,238 shares in the last quarter. Victory Capital Management Inc. raised its position in NorthWestern Energy Group by 40.6% in the fourth quarter. Victory Capital Management Inc. now owns 2,285,766 shares of the company's stock valued at $135,637,000 after purchasing an additional 660,491 shares during the period. Norges Bank purchased a new position in NorthWestern Energy Group in the fourth quarter valued at about $35,293,000. Finally, Balyasny Asset Management LLC lifted its stake in shares of NorthWestern Energy Group by 2,214.2% during the third quarter. Balyasny Asset Management LLC now owns 340,296 shares of the company's stock worth $16,770,000 after purchasing an additional 325,591 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NWE. Barclays lifted their price objective on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an "underweight" rating in a research report on Monday, January 22nd. Guggenheim raised NorthWestern Energy Group from a "sell" rating to a "neutral" rating and set a $47.00 price objective on the stock in a research note on Monday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. StockNews.com raised shares of NorthWestern Energy Group from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, KeyCorp reiterated a "sector weight" rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.