Northland Power (TSE:NPI) Shares Pass Above 200 Day Moving Average - Here's What Happened

Shares of Northland Power Inc. (TSE:NPI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$19.72 and traded as high as C$20.19. Northland Power shares last traded at C$20.06, with a volume of 3,082,608 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on NPI. Raymond James decreased their price objective on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. CIBC dropped their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research note on Friday, February 28th. TD Securities boosted their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the company a "buy" rating in a report on Friday, February 28th. National Bankshares dropped their price objective on shares of Northland Power from C$34.00 to C$32.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. Finally, Scotiabank reduced their target price on shares of Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$27.21.

Northland Power Stock Down 3.3 %

The firm has a market cap of C$5.09 billion, a price-to-earnings ratio of -35.54, a P/E/G ratio of 0.71 and a beta of 0.47. 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 firm's fifty day moving average is C$18.25 and its two-hundred day moving average is C$19.69.

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Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were issued a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.19%. The ex-dividend date was Friday, January 31st. Northland Power's dividend payout ratio (DPR) is presently -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.