Northland Power (TSE:NPI) Hits New 52-Week High - What's Next?

Key Points

• Northland Power has reached a new **52-week high**, trading at **C$25.03** during mid-day trading on Tuesday, with **124,655 shares** exchanged.
• The company's average rating is **"Buy"** from analysts, with a consensus price target set at **C$27.08** despite varying assessments from CIBC and Raymond James Financial.
• Northland Power declared a monthly **dividend** of **$0.10** with a **4.9% dividend yield**, although its payout ratio is currently at an unusual **-571.43%**.

Northland Power Inc. (TSE:NPI - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$25.03 and last traded at C$25.03, with a volume of 124655 shares trading hands. The stock had previously closed at C$24.86.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. CIBC upped their target price on Northland Power from C$28.00 to C$29.00 in a research report on Monday, July 21st. Raymond James Financial cut their price objective on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating for the company in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Northland Power has an average rating of "Buy" and a consensus price target of C$27.08.

Northland Power Trading Down 1.0%

The firm has a market cap of C$6.44 billion, a price-to-earnings ratio of -117.24, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The company's 50-day moving average price is C$22.77 and its 200-day moving average price is C$21.40. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28.

Northland Power Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were paid a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power's payout ratio is -571.43%.

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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