Northland Power Inc. (TSE:NPI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$18.86 and traded as high as C$20.92. Northland Power shares last traded at C$20.78, with a volume of 791,388 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on NPI. Scotiabank raised Northland Power from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$25.00 to C$26.00 in a report on Thursday, May 22nd. TD Securities upped their price objective on 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. Cormark cut Northland Power from a "moderate buy" rating to a "hold" rating in a research report on Thursday, May 15th. National Bankshares reduced their price objective on Northland Power from C$34.00 to C$32.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Finally, CIBC reduced their price objective on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$27.36.
Read Our Latest Research Report on Northland Power
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 business has a 50-day simple moving average of C$19.31 and a 200 day simple moving average of C$18.86. The firm has a market cap of C$5.45 billion, a PE ratio of -38.05, a PEG ratio of 0.71 and a beta of 0.47.
Northland Power Announces Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date of this dividend was Monday, March 31st. Northland Power's payout ratio is -219.84%.
About Northland Power
(
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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.
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