NorthWestern Energy Group (NYSE:NWE) Announces Quarterly Earnings Results

NorthWestern Energy Group (NYSE:NWE) issued its quarterly earnings data on Tuesday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05, Briefing.com reports. NorthWestern Energy Group had a net margin of 13.62% and a return on equity of 7.31%. The company had revenue of $319.90 million during the quarter, compared to the consensus estimate of $310.40 million. During the same quarter last year, the company earned $0.35 earnings per share. NorthWestern Energy Group’s revenue for the quarter was up 10.1% on a year-over-year basis. NorthWestern Energy Group updated its FY24 guidance to $3.42-3.62 EPS.

NorthWestern Energy Group Stock Performance

NWE traded up $0.26 during trading hours on Wednesday, hitting $53.77. 565,908 shares of the stock were exchanged, compared to its average volume of 333,591. The stock has a 50-day simple moving average of $50.83 and a 200-day simple moving average of $49.86. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $57.26. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 16.57 and a beta of 0.45. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.66.

Wall Street Analyst Weigh In

NWE has been the subject of several recent research reports. Mizuho increased their price objective on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, May 16th. StockNews.com raised shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.86.

Insider Buying and Selling

In other NorthWestern Energy Group news, Director Britt E. Ide sold 687 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $51.30, for a total value of $35,243.10. Following the sale, the director now directly owns 10,640 shares in the company, valued at $545,832. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NorthWestern Energy Group news, VP John D. Hines sold 1,565 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $51.15, for a total value of $80,049.75. Following the sale, the vice president now directly owns 32,794 shares in the company, valued at $1,677,413.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Britt E. Ide sold 687 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $51.30, for a total value of $35,243.10. Following the completion of the sale, the director now owns 10,640 shares in the company, valued at $545,832. The disclosure for this sale can be found here. 0.94% of the stock is currently owned by company insiders.

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.