NorthWestern Corp. (NYSE:NWE) shares saw strong trading volume on Friday . 657,059 shares traded hands during mid-day trading, an increase of 37% from the previous session’s volume of 480,622 shares.The stock last traded at $61.68 and had previously closed at $61.23.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of NorthWestern Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Mizuho assumed coverage on shares of NorthWestern Corp. in a report on Wednesday, March 30th. They issued a “neutral” rating for the company.

The company has a 50 day moving average of $60.18 and a 200 day moving average of $58.40. The company has a market capitalization of $2.98 billion and a P/E ratio of 21.45.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders 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 dividend yield of 3.24%.

In other news, CEO Robert C. Rowe sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $59.32, for a total transaction of $415,240.00. Following the transaction, the chief executive officer now directly owns 134,815 shares in the company, valued at $7,997,225.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jan Robert Horsfall sold 3,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 26th. The stock was sold at an average price of $56.38, for a total transaction of $180,416.00. Following the transaction, the director now owns 2,400 shares in the company, valued at $135,312. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in the company. Dean Investment Associates LLC raised its position in shares of NorthWestern Corp. by 13.9% in the fourth quarter. Dean Investment Associates LLC now owns 54,470 shares of the company’s stock worth $2,955,000 after buying an additional 6,630 shares during the period. US Bancorp DE raised 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. raised 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 raised 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. Finally, Principal Financial Group Inc. raised 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.

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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