Insider Buying: Northland Power Inc. (TSE:NPI) Director Acquires 810 Shares of Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler bought 810 shares of Northland Power stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average price of C$20.04 per share, with a total value of C$16,228.65.

Eckhardt Guenter Ruemmler also recently made the following trade(s):

• On Monday, December 30th, Eckhardt Guenter Ruemmler purchased 820 shares of Northland Power stock. The stock was purchased at an average cost of C$17.99 per share, for a total transaction of C$14,747.70.

Northland Power Stock Down 1.9 %

Shares of NPI opened at C$19.67 on Monday. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The company has a 50-day simple moving average of C$18.35 and a 200-day simple moving average of C$19.66. Northland Power Inc. has a 52 week low of C$16.14 and a 52 week high of C$24.88. The firm has a market capitalization of C$5.16 billion, a P/E ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.10 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 6.10%. Northland Power’s dividend payout ratio (DPR) is -219.84%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cormark decreased their price objective on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Raymond James decreased their price target on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. National Bankshares dropped their price objective on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. TD Securities boosted their price objective on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Scotiabank lowered their target price on Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Northland Power has an average rating of “Moderate Buy” and an average target price of C$27.21.

About Northland Power

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.