NorthWestern Corp. (NYSE:NWE) shares dropped 2.3% during trading on Thursday . The stock traded as low as $61.57 and last traded at $61.57, with a volume of 93,547 shares traded. The stock had previously closed at $63.03.

NWE has been the topic of several recent analyst reports. Zacks Investment Research downgraded NorthWestern Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. Mizuho initiated coverage on NorthWestern Corp. in a report on Wednesday, March 30th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $54.67.

The stock has a market cap of $2.96 billion and a PE ratio of 21.30. The stock has a 50-day moving average of $60.03 and a 200-day moving average of $58.34.

NorthWestern Corp. (NYSE:NWE) last released its quarterly earnings results on Wednesday, April 20th. The company reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.12. During the same quarter in the prior year, the company posted $1.18 earnings per share. The business had revenue of $332.50 million for the quarter, compared to analysts’ expectations of $377.39 million. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts expect that NorthWestern Corp. will post $3.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.50 dividend. The ex-dividend date was Monday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.27%.

In related news, CEO Robert C. Rowe sold 7,000 shares of NorthWestern Corp. stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $59.32, for a total value of $415,240.00. Following the transaction, the chief executive officer now directly owns 134,815 shares of the company’s stock, valued at $7,997,225.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP H. Grahame Heather sold 3,300 shares of NorthWestern Corp. stock in a transaction that occurred on Thursday, June 9th. The shares were sold at an average price of $60.55, for a total transaction of $199,815.00. Following the completion of the transaction, the vice president now directly owns 22,501 shares in the company, valued at $1,362,435.55. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position 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 worth $74,814,000 after buying an additional 48,020 shares during the period. Monarch Partners Asset Management LLC boosted its position 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 worth $11,299,000 after buying an additional 12,724 shares during the period. Rhumbline Advisers boosted its position in shares of NorthWestern Corp. by 3.6% in the fourth quarter. Rhumbline Advisers now owns 82,261 shares of the company’s stock worth $4,463,000 after buying an additional 2,895 shares during the period. Copeland Capital Management LLC purchased a new position in shares of NorthWestern Corp. during the fourth quarter worth about $5,055,000. Finally, TD Asset Management Inc. boosted its position in shares of NorthWestern Corp. by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 25,470 shares of the company’s stock worth $1,382,000 after buying an additional 700 shares during the period.

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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