NorthWestern Energy Group, Inc.
NorthWestern Energy Group, Inc. (NWE) is listed on NASDAQ and classified in Utilities - Regulated Electric, part of the Utilities sector. It is headquartered in Sioux Falls, United States and has 1,667 employees. The company is worth $4.74B and trades at 27.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $1.61B in fiscal 2025, up 6.4% from the year before. Net income was $181.09M. The share price is within 3% of its 52-week high. It pays a dividend yielding 3.47%, and has raised its annual dividend for 16 years in a row in our records. 5 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $76.21M. In that quarter, 1 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +35.1% over 5Y.
today you would have $1,649.89▲ +65.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 5 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Year-end price | $64.54 | $53.46 | $50.89 | $59.34 | $57.16 | |
| P/E | 15.9x | 22.0x | 14.6x | 15.8x | 18.3x | 15.9x |
| P/S | 2.2x | 2.5x | 2.2x | 2.0x | 2.4x | 2.2x |
| P/B | 1.3x | 1.4x | 1.1x | 1.1x | 1.3x | 1.3x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 3.5% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 15.9 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.2% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BIPCBrookfield Infrastructure Corp | $37.63 | — | — | 4.84% | 17.16% | $4.63B |
| OGSONE Gas, Inc. | $78.25 | 16.2x | 1.4x | 3.48% | 8.58% | $4.92B |
| OKLOOklo Inc. | $27.01 | — | 1.5x | 0.00% | -7.70% | $5.02B |
| SRSpire Inc | $85.56 |
| EPS |
| $2.94 |
| $3.65 |
| $3.22 |
| $3.25 |
| $3.60 |
| Dividend yield | 4.34% | 4.09% | 4.86% | 5.03% | 4.25% | 4.34% |
| Payout | 77.54% | 89.80% | 71.23% | 79.50% | 77.54% | 68.89% |
| Profit margin | 12.49% | 11.24% | 14.80% | 12.49% | 12.38% | 13.61% |
| ROE | 6.97% | 6.28% | 7.84% | 6.97% | 6.87% | 7.99% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-10.7% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 24.8x |
| 1.4x |
| 3.86% |
| 8.11% |
| $5.06B |
| MWHSOLV Energy, Inc. | $21.53 | 45.8x | 5.4x | 0.00% | — | $4.36B |
| PORPortland General Electric Co | $44.90 | 19.4x | 1.3x | 4.92% | 6.45% | $5.28B |