NWE Stock Summary and Trading Ideas (Northwestern Energy Group | NASDAQ:NWE)

NorthWestern Energy Group Inc provides electricity and natural gas services in the Upper Midwest and Northwest of the U.S. in the states of Montana, South Dakota, Nebraska, and Yellowstone National Park. The company's primary segments include Electric utility operations, which include the generation, purchase, transmission, and distribution of electricity, and Natural Gas utility operations, which include the production, purchase, transmission, storage, and distribution of natural gas. The company uses thermal, wind, hydro, or renewable energy in varying quantities, depending on the location of the facilities, to generate power. The company derives the majority of revenue from Electric utility operations segment.

Northwestern Energy Group trades on the NASDAQ stock market under the symbol NWE.

As of April 19, 2024, NWE stock price climbed to $50.13 with 224,118 million shares trading.

NWE has a beta of 0.86, meaning it tends to be less sensitive to market movements. NWE has a correlation of 0.21 to the broad based SPY ETF.

NWE has a market cap of $3.07 billion. This is considered a Mid Cap stock.

Last quarter Northwestern Energy Group reported $356 million in Revenue and $1.38 earnings per share. This fell short of revenue expectation by $-102 million and exceeded earnings estimates by $.21.

In the last 3 years, NWE stock traded as high as $70.80 and as low as $45.97.

The top ETF exchange traded funds that NWE belongs to (by Net Assets): VTI, IJH, VB, IWM, DVY.

NWE stock has underperformed the market in the last year with a return of -10.3%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NWE shares. However, NWE has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and 0.0%, while SPY returned +4.3% and -3.5%, respectively. This indicates NWE has been having a stronger performance recently.

NWE support price is $48.30 and resistance is $49.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NWE stock will trade within this expected range on the day.