Northland Power Inc. (TSE:NPI) Director Purchases C$13,441.50 in Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler bought 580 shares of the firm’s stock in a transaction on Saturday, September 28th. The stock was acquired at an average cost of C$23.18 per share, with a total value of C$13,441.50.

Northland Power Trading Down 1.8 %

TSE:NPI opened at C$22.74 on Thursday. Northland Power Inc. has a one year low of C$19.36 and a one year high of C$25.36. The business has a fifty day moving average price of C$22.38 and a 200-day moving average price of C$22.71. The firm has a market capitalization of C$5.86 billion, a price-to-earnings ratio of 94.75, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23.

Northland Power (TSE:NPI) last issued its quarterly earnings results on Wednesday, August 14th. The solar energy provider reported C$0.25 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.08. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. The business had revenue of C$528.97 million during the quarter, compared to analysts’ expectations of C$526.10 million. Sell-side analysts forecast that Northland Power Inc. will post 1.2408719 EPS for the current year.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Friday, September 27th. Northland Power’s payout ratio is 500.00%.

Analysts Set New Price Targets

NPI has been the subject of several research reports. National Bankshares boosted their price objective on shares of Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. Desjardins boosted their target price on shares of Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. CIBC raised their price target on 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. Finally, Scotiabank lifted their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock a “sector perform” rating in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$30.11.

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.