Northland Power Inc. (TSE:NPI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$24.87 and last traded at C$24.83, with a volume of 733100 shares changing hands. The stock had previously closed at C$24.52.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. CIBC lifted their price objective on Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Raymond James Financial cut their price target on shares of Northland Power from C$29.00 to C$28.00 and set an "outperform" rating on the stock in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of C$27.08.
View Our Latest Stock Analysis on Northland Power
Northland Power Stock Up 0.7%
The company has a market cap of C$6.46 billion, a price-to-earnings ratio of -117.57, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The business has a 50-day simple moving average of C$22.57 and a 200-day simple moving average of C$21.23.
Northland Power Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, July 31st. Northland Power's dividend payout ratio (DPR) is presently -571.43%.
Northland Power Company Profile
(
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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.
Further Reading
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