Northland Power Inc. (TSE:NPI) Given Average Rating of “Moderate Buy” by Brokerages

Northland Power Inc. (TSE:NPI) has been given an average rating of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$30.14.

Separately, Raymond James raised Northland Power to a “moderate buy” rating in a research note on Friday, November 15th.

Northland Power Price Performance

Shares of Northland Power stock opened at C$19.70 on Wednesday. The stock has a market cap of C$5.08 billion, a P/E ratio of 82.08, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. The stock’s fifty day moving average is C$21.57 and its 200 day moving average is C$22.54. Northland Power has a one year low of C$19.09 and a one year high of C$25.36.

Northland Power Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.09%. Northland Power’s payout ratio is 500.00%.

Northland Power Company Profile

Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.