NorthWestern Energy Group (NYSE:NWE) Posts Quarterly Earnings Results, Misses Estimates By $0.30 EPS

NorthWestern Energy Group (NYSE:NWE) posted its quarterly earnings data on Thursday. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.30), Briefing.com reports. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.36%. The company had revenue of $475.30 million for the quarter, compared to analyst estimates of $471.60 million. During the same quarter in the prior year, the business earned $1.05 EPS. NorthWestern Energy Group’s revenue was up 4.6% compared to the same quarter last year. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Stock Down 0.7 %

NorthWestern Energy Group stock traded down $0.36 during trading hours on Friday, hitting $49.55. The company had a trading volume of 438,152 shares, compared to its average volume of 247,117. NorthWestern Energy Group has a fifty-two week low of $45.97 and a fifty-two week high of $60.56. 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 firm has a market capitalization of $3.04 billion, a P/E ratio of 15.08 and a beta of 0.43. The firm’s fifty day moving average is $49.30 and its 200-day moving average is $49.50.

NorthWestern Energy Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.65 per share. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.64. This represents a $2.60 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Thursday, March 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective 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 reiterated a “sector weight” rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. Barclays boosted 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 shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Guggenheim upgraded shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price target on the stock in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.