Procore signs multi-year strategic collaboration agreement with AWS
In a recent transaction reported to the Securities and Exchange Commission, Michael R. Cashell, Vice President of Transmission at NorthWestern Energy Group, Inc. (NASDAQ:NWE), sold 2,349 shares of the company’s common stock. The shares were sold at a price of $58.03 each, totaling approximately $136,312. The utility company, with a market capitalization of $3.58 billion, is currently trading near its 52-week high of $59.89, according to InvestingPro data.
Following this sale, Cashell holds 24,088 shares of NorthWestern Energy. According to the filing, the total shares owned include those acquired through participation in the company’s Employee Stock Purchase Plan and dividend reinvestment. InvestingPro analysis reveals that NorthWestern Energy has maintained and raised its dividend for 20 consecutive years, currently offering a 4.54% yield. The stock trades at a P/E ratio of 15.17, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this utility company along with 1,400+ other US stocks.
In other recent news, NorthWestern Corporation reported its Q1 2025 earnings, revealing an earnings per share (EPS) of $1.22, which exceeded analyst expectations of $1.14. Despite this positive earnings surprise, the company’s revenue fell short, totaling $466.6 million compared to the anticipated $491.64 million. This mixed performance has led to concerns about sales momentum, even as the company continues to pursue growth through strategic initiatives like increased ownership in Colstrip and data center opportunities. NorthWestern has also completed $500 million in debt financing for 2025, ensuring its financial stability for the year. Additionally, the company is advancing its carbon-free initiatives, achieving over 60% carbon-free energy in Montana. On the regulatory front, NorthWestern is nearing completion of a Montana rate review, with settlements reached in both natural gas and electric cases. The company maintains its long-term EPS growth target of 4-6% and expects Q2 earnings to contribute approximately 10% of full-year earnings. Despite these developments, the stock dipped 2.2% in after-hours trading, reflecting investor concerns over revenue shortfalls and potential regulatory challenges with the Colstrip facility.
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