Northland Power Inc. Announces Monthly Dividend of $0.10 (TSE:NPI)

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Thursday, April 11th, Zacks reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.10 per share by the solar energy provider on Wednesday, May 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date of this dividend is Monday, April 29th.

Northland Power Stock Performance

Shares of TSE:NPI opened at C$20.50 on Friday. Northland Power has a twelve month low of C$19.36 and a twelve month high of C$33.80. The firm has a market cap of C$5.24 billion, a PE ratio of -28.47, a price-to-earnings-growth ratio of 0.71 and a beta of 0.45. The company has a debt-to-equity ratio of 165.58, a quick ratio of 1.23 and a current ratio of 1.13. The business has a fifty day moving average of C$22.47 and a 200-day moving average of C$22.79.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, February 21st. The solar energy provider reported C($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.43 by C($0.92). Northland Power had a negative net margin of 7.85% and a negative return on equity of 2.09%. The business had revenue of C$626.22 million during the quarter, compared to analyst estimates of C$614.15 million. On average, equities research analysts predict that Northland Power will post 1.1793651 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NPI. Raymond James lowered Northland Power from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from C$32.00 to C$30.00 in a research note on Thursday. BMO Capital Markets lowered their price objective on Northland Power from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. CIBC lowered their price objective on Northland Power from C$30.00 to C$29.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, National Bankshares lifted their price objective on Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$31.96.

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.