Northland Power Inc. (TSE:NPI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$18.84 and traded as high as C$20.69. Northland Power shares last traded at C$20.50, with a volume of 343,628 shares changing hands.
Wall Street Analyst Weigh In
Several equities analysts recently commented on NPI shares. Scotiabank upgraded Northland Power from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. CIBC dropped their target price on Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. Raymond James dropped their target price on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Cormark lowered Northland Power from a "moderate buy" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, TD Securities upped their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$27.36.
View Our Latest Report on Northland Power
Northland Power Price Performance
The company has a market capitalization of C$5.35 billion, a price-to-earnings ratio of -37.37, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The company has a 50 day simple moving average of C$19.27 and a 200 day simple moving average of C$18.86.
Northland Power Announces Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 5.88%. Northland Power's dividend payout ratio is presently -219.84%.
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.
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