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

A number of research firms recently commented on NWE. Zacks Investment Research downgraded shares of NorthWestern Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. Mizuho began coverage on shares of NorthWestern Corp. in a research report on Wednesday, March 30th. They issued a “neutral” rating on the stock.

The company’s 50-day moving average price is $60.18 and its 200-day moving average price is $58.40. The company has a market cap of $2.98 billion and a PE ratio of 21.45.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.24%.

In other NorthWestern Corp. news, 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 transaction, the vice president now directly owns 22,501 shares of the company’s stock, valued at $1,362,435.55. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jan Robert Horsfall sold 3,200 shares of NorthWestern Corp. stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $56.38, for a total transaction of $180,416.00. Following the transaction, the director now directly owns 2,400 shares in the company, valued at $135,312. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have made changes to their positions in NWE. US Bancorp DE boosted its position in shares of NorthWestern Corp. by 14.6% in the fourth quarter. US Bancorp DE now owns 19,017 shares of the company’s stock worth $1,033,000 after buying an additional 2,428 shares during the period. 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. Principal Financial Group Inc. boosted its position 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 worth $17,704,000 after buying an additional 20,604 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position 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 worth $3,361,000 after buying an additional 5,257 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.