NorthWestern Energy Group, Inc. (NASDAQ:NWE), a utility company with a market capitalization of $3.28 billion and a P/E ratio of 14.45x, reported that Director Ide Britt E has recently sold 700 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $53.57 each, amounting to a total transaction value of $37,499. Following this sale, Britt holds 10,888 shares, which include shares acquired through dividend reinvestment. The transaction was executed on December 9, 2024. According to InvestingPro, NorthWestern Energy boasts a notable 20-year streak of consecutive dividend payments, currently offering a 4.87% yield. Additional insights and detailed analysis are available in the comprehensive Pro Research Report, which covers this and 1,400+ other top US stocks.
In other recent news, NorthWestern Energy Group reported Q3 2024 financial results, revealing a GAAP diluted EPS of $0.76 and a non-GAAP diluted EPS of $0.65. The company revised its 2024 non-GAAP EPS guidance to $3.32 to $3.47 due to delays in interim rates in Montana. NorthWestern also announced a $0.65 per share dividend for December 2024 and reaffirmed its long-term EPS growth target of 4% to 6%. Operational updates included the start of the Yellowstone County Generating Station and a $21 million allocation for Colstrip transmission upgrades from a Department of Energy grant. Q3 net income rose to $46.8 million, driven by regulatory outcomes and transmission revenues. Recent developments indicate that the company is navigating complex regulatory landscapes, with interim rate relief expected from the Montana Public Service Commission. Delays in interim rates in Montana have impacted the company's cost of capital and credit metrics, and uncertainties around federal and state regulations could affect future operations. However, the company's significant investments in Montana and optimism about generation and transmission opportunities suggest potential for favorable outcomes.
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