NorthWestern Energy Group (NYSE:NWE) Releases FY 2024 Earnings Guidance

NorthWestern Energy Group (NYSE:NWE - Get Free Report) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.420-3.620 for the period, compared to the consensus earnings per share estimate of 3.490. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NWE. Guggenheim raised shares of NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price objective for the company in a research report on Monday, January 22nd. JPMorgan Chase & Co. upped 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 report on Thursday, March 21st. KeyCorp restated a sector weight rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. StockNews.com upgraded shares of NorthWestern Energy Group from a sell rating to a hold rating in a research report on Tuesday, April 16th. Finally, Barclays upped their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an underweight rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $51.71.

NorthWestern Energy Group Stock Performance

Shares of NYSE NWE traded down $0.36 during midday trading on Friday, reaching $49.55. The company had a trading volume of 437,854 shares, compared to its average volume of 396,622. The stock has a market cap of $3.04 billion, a P/E ratio of 15.42 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The business's 50-day simple moving average is $49.29 and its 200 day simple moving average is $49.49. NorthWestern Energy Group has a 1 year low of $45.97 and a 1 year high of $60.56.

NorthWestern Energy Group (NYSE:NWE - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.30). The firm had revenue of $475.30 million for the quarter, compared to analyst estimates of $471.60 million. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. The firm's quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. On average, analysts forecast that NorthWestern Energy Group will post 3.53 earnings per share for the current fiscal year.

NorthWestern Energy Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.65 dividend. This is a positive change from NorthWestern Energy Group's previous quarterly dividend of $0.64. The ex-dividend date was Thursday, March 14th. This represents a $2.60 annualized dividend and a dividend yield of 5.25%. NorthWestern Energy Group's dividend payout ratio (DPR) is 80.75%.

About NorthWestern Energy Group

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.