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

NorthWestern Energy Group (NYSE:NWE) announced its earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.30), Briefing.com reports. The business had revenue of $475.30 million for the quarter, compared to the consensus estimate of $471.60 million. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. NorthWestern Energy Group’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Trading Up 0.3 %

NWE traded up $0.14 during mid-day trading on Friday, reaching $50.05. The stock had a trading volume of 316,136 shares, compared to its average volume of 394,901. The stock has a market capitalization of $3.07 billion, a P/E ratio of 15.42 and a beta of 0.43. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.76. The firm’s fifty day simple moving average is $49.29 and its two-hundred day simple moving average is $49.49. NorthWestern Energy Group has a 52 week low of $45.97 and a 52 week high of $60.56.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 5.19%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, March 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.75%.

Analyst Ratings Changes

Several research firms have commented on NWE. 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 report on Monday, January 22nd. JPMorgan Chase & Co. upped their price target on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. KeyCorp reaffirmed a “sector weight” rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, Barclays increased their target price on NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.