Northland Power Inc. (TSE:NPI) Director John Wycliffe Brace sold 226,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$33.01, for a total value of C$7,461,277.00. Following the completion of the transaction, the director now owns 226,026 shares of the company’s stock, valued at C$7,462,135.38.
NPI stock opened at C$33.42 on Wednesday. The stock has a market cap of $6.62 billion and a PE ratio of 17.19. Northland Power Inc. has a 12 month low of C$20.52 and a 12 month high of C$34.37. The company has a 50-day moving average price of C$31.74 and a 200 day moving average price of C$29.50. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 466.27.
Northland Power (TSE:NPI) last announced its quarterly earnings data on Wednesday, May 13th. The solar energy provider reported C$0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.52 by C$0.18. The firm had revenue of C$667.70 million during the quarter, compared to the consensus estimate of C$647.00 million. Sell-side analysts forecast that Northland Power Inc. will post 1.87 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, June 29th. Northland Power’s dividend payout ratio is currently 61.73%.
Several equities analysts recently weighed in on NPI shares. CIBC raised their target price on shares of Northland Power from C$32.00 to C$33.00 in a research note on Sunday, May 17th. National Bank Financial increased their price objective on shares of Northland Power from C$32.50 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday, June 4th. Raymond James upped their price objective on Northland Power from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Sunday, May 17th. Finally, BMO Capital Markets lifted their target price on Northland Power from C$33.00 to C$36.00 in a report on Thursday, June 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Northland Power currently has a consensus rating of “Buy” and a consensus target price of C$34.17.
About Northland Power
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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