Northland Power Inc. (TSE:NPI – Get Free Report) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.10 per share by the solar energy provider on Tuesday, April 15th. This represents a $1.20 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st.
Northland Power Price Performance
Shares of TSE:NPI traded down C$0.38 during midday trading on Friday, hitting C$19.67. 827,918 shares of the stock were exchanged, compared to its average volume of 1,166,267. The stock has a market cap of C$5.16 billion, a P/E ratio of -36.04, a PEG ratio of 0.71 and a beta of 0.47. Northland Power has a twelve month low of C$16.14 and a twelve month high of C$24.88. The company has a 50 day moving average price of C$18.35 and a 200-day moving average price of C$19.67. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28.
Analyst Ratings Changes
A number of analysts recently commented on the company. Cormark dropped their price objective on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Scotiabank lowered their price target on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. CIBC decreased their price target on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. TD Securities upped their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Finally, National Bankshares reduced their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Northland Power currently has an average rating of “Moderate Buy” and a consensus price target of C$27.21.
About Northland Power
Northland Power develops, constructs, and operates maintainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company’s largest segment over the long term.
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