NorthWestern Energy Group (NWE) Price Target Increased to $62

NorthWestern Energy Group, Inc. (NASDAQ:NWE) is included among the 7 Best Non-REIT Dividend Stocks to Invest in.

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NorthWestern Energy Group, Inc. (NASDAQ:NWE) provides electricity and natural gas services across Montana, South Dakota, Nebraska, and Yellowstone National Park. As a regulated utility, it generates most of its revenue through approved rates tied to delivering power and gas to customers.

On January 22, Barclays raised its price objective on NorthWestern Energy Group, Inc. (NASDAQ:NWE) to $62 from $61. The firm kept an Overweight rating. The change came as part of the firm’s broader Q4 review of the power and utilities sector, where several names saw updated targets.

NorthWestern turned in a solid third quarter. GAAP earnings were $0.62 per share, while adjusted EPS reached $0.79, up from $0.65 a year earlier. Utility margins improved at a double-digit rate compared with last year. Management stuck with its 2025 earnings guidance of $3.53 to $3.65 per share and reiterated its long-term growth target of 4% to 6%. The company also continues to invest heavily, with a $2.7 billion capital plan aimed at expanding its rate base over time.

Alongside the operating results, NorthWestern is managing some meaningful strategic changes. The most notable is its pending all-stock merger with Black Hills Corporation, which was outlined in the Q3 release. If the deal closes next year as expected, it would give the company a larger footprint and more scale.

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