NorthWestern Corp. (NWE) Sees Strong Trading Volume
NorthWestern Corp. (NYSE:NWE) saw unusually-high trading volume on Friday . Approximately 335,790 shares were traded during mid-day trading, an increase of 80% from the previous session’s volume of 186,871 shares.The stock last traded at $58.23 and had previously closed at $57.77.
Separately, Zacks Investment Research upgraded shares of NorthWestern Corp. from a “sell” rating to a “hold” rating in a research note on Friday, June 17th.
The firm’s 50 day moving average is $59.72 and its 200-day moving average is $59.72. The company has a market cap of $2.81 billion and a PE ratio of 19.72.
NorthWestern Corp. (NYSE:NWE) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.12. The company had revenue of $293.10 million for the quarter, compared to analysts’ expectations of $320.68 million. During the same period in the previous year, the firm earned $0.64 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities analysts expect that NorthWestern Corp. will post $3.27 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 3.43%.
In other news, VP Curtis T. Pohl sold 2,650 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $60.48, for a total transaction of $160,272.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP H. Grahame Heather sold 3,300 shares of the business’s 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 disclosure for this sale can be found here.
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.