Northland Power Inc. (TSE:NPI – Get Free Report) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.10 per share by the solar energy provider on Tuesday, April 15th. This represents a $1.20 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Monday, March 31st.
Northland Power Stock Down 1.9 %
Northland Power stock traded down C$0.38 during mid-day trading on Friday, reaching C$19.67. The stock had a trading volume of 827,918 shares, compared to its average volume of 1,166,267. The company has a market capitalization of C$5.16 billion, a price-to-earnings ratio of -36.04, a PEG ratio of 0.71 and a beta of 0.47. The company has a 50-day moving average price of C$18.35 and a two-hundred day moving average price of C$19.67. Northland Power has a one year low of C$16.14 and a one year high of C$24.88. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on NPI shares. National Bankshares cut their price target on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. TD Securities raised their target price on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Raymond James decreased their price target on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Cormark cut their price objective on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. Finally, Scotiabank decreased their target price on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$27.21.
About Northland Power
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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