Northland Power (TSE:NPI) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Northland Power shares recently crossed above their 200-day moving average, reaching a high of C$22.67, with the last trading price at C$22.35.
• Analysts have mixed views on the stock, with one downgrade to "hold" and several upgrades, resulting in a consensus rating of "Buy" and a price target of C$27.25.
• The company announced a monthly dividend of $0.10, yielding 5.4%, though it shows a negative dividend payout ratio of -219.84%.

Northland Power Inc. (TSE:NPI - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$19.85 and traded as high as C$22.67. Northland Power shares last traded at C$22.35, with a volume of 650,231 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NPI shares. Cormark downgraded Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. CIBC raised their price objective on Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. National Bank Financial upgraded Northland Power to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$27.25.

Northland Power Stock Performance

The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The company has a market capitalization of C$5.82 billion, a PE ratio of -40.65, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The firm's fifty day simple moving average is C$22.15 and its 200 day simple moving average is C$19.93.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Thursday, July 31st. Northland Power's payout ratio is -219.84%.

Northland Power Company Profile

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.