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NWE

Northwestern Energy Group Inc

NWE

NASDAQ·Utilities·Diversified Utilities·Mkt cap $4.4B

$71.32

-0.18%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$51.27 - $75.18

P/E

26.22

Fwd P/E

18.60

Beta

0.36

Div Yield

3.72%

Avg Vol

530.1K

Shares Out

61.5M

Mkt Cap

$4.4B

Price action

Price chart

Up 37.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Extensive regulated utility infrastructure with 27,000+ miles of transmission and distribution lines
  • Essential services with stable, predictable revenue streams and regulatory rate protections
  • Established market presence serving 753,600+ customers across four-state region since 1923
  • Diversified revenue model spanning both electricity and natural gas segments
  • High barriers to entry due to capital-intensive infrastructure and regulatory licensing requirements

Bear Case

2 risks

  • Low volatility (beta 0.4).
  • Premium valuation to Multi-Utilities peers

Growth

Stable outlook

Regional population and economic growth in Montana, South Dakota, and Nebraska service territories

Value

Premium valuation to Multi-Utilities peers

Momentum

Strong

+5.7% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Solid

3.72% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $1.31 vs $1.29 consensus (+1.6% surprise). Revenue of $497.6M vs $502.2M expected (-0.9%).

EPS beat +1.6%
Revenue miss

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.6%

Next: Apr 23, 2026

Revenue trend · last 8Q

+5%

-2%

+7%

+12%

+11%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$319.9M

$345.2M

$373.5M

$466.6M

$342.7M

$387.0M

$414.3M

$497.6M

Margins · last 8Q

Gross

57.3%

Operating

22.9%

Profit

12.8%

Wall Street consensus

5 analysts · 40% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

40%

Hold

2

40%

Sell

1

20%

Median Price Target

$75.00

+5.2% vs $71.32

Low $54.00
Median $75.00
High $75.00

Latest: JP Morgan · Apr 21, 2026

2 analysts covering

vs Industry

How NWE stacks vs Diversified Utilities

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.