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

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

NorthWestern Energy Group Price Performance

Shares of NWE traded down $0.36 during trading hours on Friday, hitting $49.55. 438,152 shares of the company were exchanged, compared to its average volume of 247,117. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.76 and a quick ratio of 0.55. The company has a market capitalization of $3.04 billion, a PE ratio of 15.34 and a beta of 0.43. The firm has a fifty day simple moving average of $49.30 and a 200-day simple moving average of $49.50. NorthWestern Energy Group has a one year low of $45.97 and a one year high of $60.56.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings results on Thursday, April 25th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30). NorthWestern Energy Group had a return on equity of 7.36% and a net margin of 13.62%. The company had revenue of $475.30 million during the quarter, compared to analysts’ expectations of $471.60 million. During the same period in the prior year, the business posted $1.05 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that NorthWestern Energy Group will post 3.53 earnings per share for the current year.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.65 dividend. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. 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 5.25%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NWE shares. JPMorgan Chase & Co. increased their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a neutral rating in a research note on Thursday, March 21st. Barclays increased their price objective on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an underweight rating in a report on Monday, January 22nd. StockNews.com upgraded NorthWestern Energy Group from a sell rating to a hold rating in a research note on Tuesday, April 16th. Guggenheim raised NorthWestern Energy Group from a sell rating to a neutral rating and set a $47.00 price target for the company in a research note on Monday, January 22nd. Finally, KeyCorp reissued a sector weight rating on shares of NorthWestern Energy Group in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, NorthWestern Energy Group currently has a consensus rating of Hold and an average price target of $51.71.

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.