Shares of NorthWestern Corp. (NYSE:NWE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.75 and last traded at $63.39, with a volume of 70,723 shares traded. The stock had previously closed at $62.80.

A number of analysts recently issued reports on NWE shares. Zacks Investment Research downgraded NorthWestern Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Mizuho started coverage on NorthWestern Corp. in a research report on Wednesday, March 30th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $54.67.

The firm has a 50 day moving average price of $59.87 and a 200-day moving average price of $58.32. The firm has a market cap of $3.04 billion and a price-to-earnings ratio of 21.92.

NorthWestern Corp. (NYSE:NWE) last posted its quarterly earnings data on Wednesday, April 20th. The company reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.12. During the same period in the previous year, the business earned $1.18 EPS. The firm earned $332.50 million during the quarter, compared to analyst estimates of $377.39 million. NorthWestern Corp.’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts expect that NorthWestern Corp. will post $3.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Monday, June 13th.

In other news, VP H. Grahame Heather sold 3,300 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $60.55, for a total value of $199,815.00. Following the completion of the sale, the vice president now directly owns 22,501 shares in the company, valued at $1,362,435.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denton Louis Peoples sold 43,436 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $58.30, for a total value of $2,532,318.80. Following the completion of the sale, the director now owns 3,000 shares of the company’s stock, valued at $174,900. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of NWE. Victory Capital Management Inc. boosted its stake in shares of NorthWestern Corp. by 3.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,379,079 shares of the company’s stock valued at $74,814,000 after buying an additional 48,020 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of NorthWestern Corp. by 6.5% in the fourth quarter. Monarch Partners Asset Management LLC now owns 208,274 shares of the company’s stock valued at $11,299,000 after buying an additional 12,724 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of NorthWestern Corp. by 6.7% in the fourth quarter. Principal Financial Group Inc. now owns 326,351 shares of the company’s stock valued at $17,704,000 after buying an additional 20,604 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of NorthWestern Corp. by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 61,958 shares of the company’s stock valued at $3,361,000 after buying an additional 5,257 shares during the last quarter. Finally, FCA Corp TX boosted its stake in shares of NorthWestern Corp. by 2.8% in the fourth quarter. FCA Corp TX now owns 41,408 shares of the company’s stock valued at $2,246,000 after buying an additional 1,139 shares during the last quarter.

NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company provides electricity and natural gas to over 701,000 customers in Montana, South Dakota and Nebraska. It generates and distributes electricity in South Dakota; distributes natural gas in South Dakota and Nebraska, and generates and distributes electricity and distributed natural gas in Montana.

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