Northland Power (TSE:NPI) Hits New 52-Week Low – Here’s What Happened

Northland Power Inc. (TSE:NPI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$17.74 and last traded at C$17.74, with a volume of 1662792 shares trading hands. The stock had previously closed at C$18.51.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. National Bankshares decreased their price objective on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. CIBC decreased their price target on Northland Power from C$31.00 to C$29.00 in a research note on Wednesday, January 8th. Finally, Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$29.71.

Northland Power Price Performance

The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 73.92, a PEG ratio of 0.71 and a beta of 0.47. The company has a 50 day moving average of C$19.06 and a 200 day moving average of C$21.26.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 annualized dividend and a yield of 6.76%. Northland Power’s dividend payout ratio (DPR) is 500.00%.

About Northland Power

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.