Inside the research
NorthWestern Energy Group, Inc.
NWE Research profile · latest available data
Price overview
$68.84
▲ +0.77 (+1.1%)
| 52w hi | $72.73 |
|---|---|
| 52w lo | $54.87 |
| Vol | 883.00K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.29
| Short | +0.91 |
|---|---|
| Medium | -0.06 |
| Long | -0.25 |
computed 2026-09-27
Key fundamentals
NorthWestern Energy Group, Inc.
Utilities · Utilities - Regulated Electric
| Market cap | $4.23B |
|---|---|
| Enterprise value | $7.83B |
| Trailing P/E | 24.85x |
| Forward P/E | 17.34x |
| EV / EBITDA | 13.19x |
| P / S (ttm) | 2.50x |
| Profit margin | 10.1% |
| Return on equity | 5.9% |
| Revenue growth | +14.6% |
| Earnings growth | +15.7% |
| Debt / equity | 124.22 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.23 | |
| Sector | -0.10 | |
| Technical | +0.01 | |
| Earnings | +0.00 | |
| Sentiment | +0.87 |
macro × 1.00 · 2026-09-27
Business overview
NorthWestern Energy Group, Inc., doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and diversified 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. The company operates 6,596 miles of electric transmission and 18,946 miles of electric distribution lines with approximately 397 transmission and distribution substations; and 2,133 miles of natural gas transmission and 5,939 miles of natural gas distribution lines with approximately 134 city gate stations in Montana. It also operates 1,344 miles of electric transmission and 2,386 miles of electric distribution lines in South Dakota with approximately 123 transmission and distribution substations; and 55 miles of natural gas transmission, 1,853 miles of natural gas distribution lines in South Dakota, and 836 miles of natural gas distribution lines Nebraska. The company provides electricity and/or natural gas to approximately 850,300 customers in Montana, South Dakota, Nebraska, and Yellowstone National Park. NorthWestern Energy Group, Inc. was incorporated in 1923 and is based in Sioux Falls, South Dakota.
Risk Metrics
| Beta vs SPX | 0.20 |
|---|---|
| Corr SPX | 0.15 |
| Annual vol | 22.0% |
| Annual ret | +12.3% |
| Sharpe | 0.56 |
| Max DD | -14.6% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Reg FD Disclosure… | read |
| 2026-06-22 | Material Agreement, Material Obligation… | read |
| 2026-06-02 | Material Agreement, Material Obligation… | read |
| 2026-06-02 | Reg FD Disclosure, Exhibits | read |
| 2026-05-27 | Reg FD Disclosure, Exhibits | read |
| 2026-05-18 | Reg FD Disclosure, Exhibits | read |
| 2026-05-05 | Shareholder Vote, Exhibits | read |
| 2026-04-30 | Earnings Release, Reg FD Disclosure… | read |
| 2026-04-03 | Shareholder Vote, Other Material Event… | read |
| 2026-02-17 | Officer / Director Change, Exhibits | read |
| 2026-02-12 | Earnings Release, Reg FD Disclosure… | read |
| 2025-12-09 | Reg FD Disclosure, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-06 | HORSFALL JAN ROBERT | Grant | 524 | $37.53K | |
| 2026-08-04 | Yingling Jeffrey W. | Grant | 524 | $37.53K | |
| 2026-07-09 | Ide Britt E | Grant | 524 | $37.53K | |
| 2026-07-09 | Goodin David L | Grant | 524 | $37.53K | |
| 2026-07-09 | Edwards Sherina M. | Grant | 524 | $37.53K | |
| 2026-07-09 | Larson Kent T | Grant | 524 | $37.53K | |
| 2026-07-09 | Sullivan Linda G | Grant | 768 | $55.00K | |
| 2026-07-06 | YAZDI MAHVASH | Grant | 524 | $37.53K | |
| 2026-05-11 | Yingling Jeffrey W. | Grant | 569 | $37.52K | |
| 2026-05-11 | HORSFALL JAN ROBERT | Grant | 569 | $37.52K |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 0 |
| Top-5 share | 0.0% |
| HHI | 0 (—) |
Dividends
| Yield (TTM) | 1.93% |
|---|---|
| $ / share (TTM) | $1.33 |
| 5y CAGR | +1.9% |
Annual dividend per share
| 2021 | $2.48 |
|---|---|
| 2022 | $2.52 |
| 2023 | $2.56 |
| 2024 | $2.60 |
| 2025 | $2.64 |
| 2026 | $0.67 |
SEC Filings
The Long Run
FY 2023–2025 · 3 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $1.61B | +4.4% | |
| Operating income | $325.82M | +11.3% | |
| Net income | $224.11M | +7.4% | |
| Cash from ops | $489.23M | +49.1% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $68.01 | $69.22 | $67.79 | $68.84 | 883.00K |
| Sep 24 | $68.60 | $69.00 | $67.90 | $68.07 | 450.60K |
| Sep 23 | $69.83 | $69.83 | $68.60 | $68.70 | 416.30K |
| Sep 22 | $69.65 | $71.42 | $69.38 | $69.87 | 466.90K |
| Sep 21 | $68.85 | $71.26 | $68.85 | $69.83 | 605.60K |
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