NorthWestern Energy Group (NWE) Scheduled to Post Earnings on Thursday

NorthWestern Energy Group (NYSE:NWE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect NorthWestern Energy Group to post 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.Investors interested in participating in the company’s 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 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.19. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $443.27 million. During the same quarter last year, the company posted $1.13 EPS. 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 Price Performance

Shares of NWE stock opened at $48.52 on Thursday. NorthWestern Energy Group has a 1 year low of $45.97 and a 1 year high of $60.56. 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 firm’s 50 day moving average is $48.97 and its 200-day moving average is $49.41. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 15.07 and a beta of 0.43.

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 5.36%. 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. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.75%.

Institutional Investors Weigh In On NorthWestern Energy Group

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of NorthWestern Energy Group by 0.8% in the first quarter. BlackRock Inc. now owns 8,852,795 shares of the company’s stock valued at $535,506,000 after purchasing an additional 74,439 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of NorthWestern Energy Group by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,780,260 shares of the company’s stock worth $345,047,000 after buying an additional 187,581 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of NorthWestern Energy Group by 49.9% in the 1st quarter. Lazard Asset Management LLC now owns 5,079,648 shares of the company’s stock valued at $307,267,000 after acquiring an additional 1,690,016 shares in the last quarter. State Street Corp increased its position in shares of NorthWestern Energy Group by 1.9% in the third quarter. State Street Corp now owns 2,499,331 shares of the company’s stock valued at $123,167,000 after acquiring an additional 46,229 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in NorthWestern Energy Group by 40.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,285,766 shares of the company’s stock worth $135,637,000 after acquiring an additional 660,491 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on NWE shares. JPMorgan Chase & Co. boosted their price objective on NorthWestern Energy Group from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Barclays increased their price objective on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a report on Monday, January 22nd. Guggenheim raised shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price for the company in a report on Monday, January 22nd. StockNews.com raised NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research note on Tuesday. 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 given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, NorthWestern Energy Group has an average rating of “Hold” and a consensus 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.