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

NorthWestern Energy Group (NYSE:NWE) 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 earnings conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. The business had revenue of $356.00 million for the quarter, compared to analyst estimates of $443.27 million. During the same quarter last 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 Trading Up 1.3 %

Shares of NWE stock opened at $48.52 on Thursday. NorthWestern Energy Group has a twelve month low of $45.97 and a twelve month high of $60.56. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.07 and a beta of 0.43. The firm 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date was Thursday, March 14th. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. NorthWestern Energy Group’s payout ratio is currently 80.75%.

Institutional Investors Weigh In On NorthWestern Energy Group

Several large investors have recently made changes to their positions in NWE. Bank of Montreal Can boosted its position in shares of NorthWestern Energy Group by 6.2% in the first quarter. Bank of Montreal Can now owns 26,264 shares of the company’s stock worth $1,577,000 after buying an additional 1,527 shares during the period. Rhumbline Advisers increased its stake in NorthWestern Energy Group by 1.7% during the 1st quarter. Rhumbline Advisers now owns 165,505 shares of the company’s stock worth $10,011,000 after buying an additional 2,746 shares during the period. BlackRock Inc. lifted its holdings in NorthWestern Energy Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 8,852,795 shares of the company’s stock worth $535,506,000 after buying an additional 74,439 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in NorthWestern Energy Group by 17.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,308 shares of the company’s stock valued at $4,067,000 after buying an additional 9,425 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of NorthWestern Energy Group by 3.8% during the first quarter. Yousif Capital Management LLC now owns 28,518 shares of the company’s stock valued at $1,725,000 after acquiring an additional 1,031 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Guggenheim upgraded NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price target for the company in a report on Monday, January 22nd. StockNews.com upgraded NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays upped their price objective on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a research note on Monday, January 22nd. KeyCorp reissued a “sector weight” rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group currently 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.