Northland Power Inc. (TSE:NPI - Get Free Report) declared a monthly dividend on Friday, September 6th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.10 per share by the solar energy provider on Tuesday, October 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Friday, September 27th.
Northland Power Stock Up 0.4 %
Northland Power stock traded up C$0.08 during trading on Wednesday, reaching C$22.85. The stock had a trading volume of 654,455 shares, compared to its average volume of 1,124,894. Northland Power has a 52-week low of C$19.36 and a 52-week high of C$25.36. The business has a 50 day moving average price of C$22.44 and a 200 day moving average price of C$22.72. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The stock has a market cap of C$5.89 billion, a PE ratio of 94.88, a P/E/G ratio of 0.71 and a beta of 0.45.
Northland Power (TSE:NPI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.17 by C$0.08. Northland Power had a net margin of 2.98% and a return on equity of 3.95%. The company had revenue of C$528.97 million during the quarter, compared to the consensus estimate of C$526.10 million. On average, analysts predict that Northland Power will post 1.2408719 EPS for the current year.
Analyst Ratings Changes
NPI has been the subject of a number of recent research reports. CIBC lifted their price target on shares of Northland Power from C$30.00 to C$31.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 12th. Scotiabank boosted their price objective on shares of Northland Power from C$27.00 to C$28.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 12th. Desjardins boosted their price objective on shares of Northland Power from C$27.00 to C$29.00 and gave the stock a "buy" rating in a research report on Thursday, June 6th. Finally, National Bankshares boosted their price objective on shares of Northland Power from C$34.00 to C$35.00 in a research report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Northland Power presently has an average rating of "Moderate Buy" and a consensus target price of C$30.11.
Read Our Latest Analysis on Northland Power
Northland Power Company Profile
(
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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.
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