NorthWestern Corp. (NWE) Sees Large Volume Increase
Shares of NorthWestern Corp. (NYSE:NWE) saw an uptick in trading volume on Friday . 335,790 shares traded hands during 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 NorthWestern Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th.
The company has a market cap of $2.81 billion and a P/E ratio of 19.72. The firm’s 50 day moving average price is $59.72 and its 200-day moving average price is $59.72.
NorthWestern Corp. (NYSE:NWE) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.12. The business had revenue of $293.10 million for the quarter, compared to analyst estimates of $320.68 million. During the same quarter in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts predict that NorthWestern Corp. will post $3.27 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.43%.
In related news, CFO Brian B. Bird sold 9,320 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $60.95, for a total value of $568,054.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP H. Grahame Heather sold 3,300 shares of the firm’s stock in a transaction dated 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 sale, the vice president now 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.