NorthWestern Energy Group (NYSE:NWE) Posts Earnings Results, Misses Expectations By $0.05 EPS

NorthWestern Energy Group (NYSE:NWE) posted its earnings results on Monday. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.05), Zacks reports. NorthWestern Energy Group had a return on equity of 7.65% and a net margin of 14.21%. The firm had revenue of $345.20 million for the quarter, compared to analyst estimates of $344.06 million. During the same quarter last year, the firm posted $0.49 EPS.

NorthWestern Energy Group Price Performance

Shares of NYSE:NWE traded up $0.07 during trading on Thursday, hitting $53.98. 19,606 shares of the stock were exchanged, compared to its average volume of 342,932. The company has a fifty day moving average price of $55.36 and a two-hundred day moving average price of $52.62. The company has a market cap of $3.31 billion, a PE ratio of 15.72, a P/E/G ratio of 2.54 and a beta of 0.46. The company has a current ratio of 0.52, a quick ratio of 0.36 and a debt-to-equity ratio of 0.92. NorthWestern Energy Group has a 12-month low of $46.15 and a 12-month high of $57.48.

NorthWestern Energy Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, December 13th. NorthWestern Energy Group’s dividend payout ratio (DPR) is 75.80%.

Analyst Ratings Changes

Several brokerages recently issued reports on NWE. JPMorgan Chase & Co. boosted their price target on NorthWestern Energy Group from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Mizuho boosted their price target on NorthWestern Energy Group from $52.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Barclays boosted their price target on NorthWestern Energy Group from $50.00 to $53.00 and gave the company an “underweight” rating in a research report on Tuesday, August 6th. Bank of America assumed coverage on NorthWestern Energy Group in a report on Thursday, September 12th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on NorthWestern Energy Group from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.14.

Insider Transactions at NorthWestern Energy Group

In other news, Director Britt E. Ide sold 688 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $51.92, for a total transaction of $35,720.96. Following the sale, the director now owns 10,778 shares of the company’s stock, valued at $559,593.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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.