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

Northland Power Inc. (TSE:NPI) 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 yield of 5.25%. The ex-dividend date is Friday, September 27th.

Northland Power Stock Performance

NPI stock traded up C$0.07 during trading on Wednesday, reaching C$22.84. 70,298 shares of the company’s stock were exchanged, compared to its average volume of 1,121,754. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$25.36. The company’s fifty day moving average price is C$22.44 and its 200-day moving average price is C$22.72. The firm has a market cap of C$5.88 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) last announced its quarterly earnings data on Wednesday, August 14th. The solar energy provider reported C$0.25 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.08. The business had revenue of C$528.97 million during the quarter, compared to analyst estimates of C$526.10 million. Northland Power had a return on equity of 3.95% and a net margin of 2.98%. On average, research analysts expect that Northland Power will post 1.2408719 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on NPI. National Bankshares upped their target price on Northland Power from C$34.00 to C$35.00 in a report on Thursday, July 11th. Scotiabank upped their price target on Northland Power from C$27.00 to C$28.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 12th. CIBC upped their price target on Northland Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Desjardins upped their price target on Northland Power from C$27.00 to C$29.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. One research 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 a consensus rating of “Moderate Buy” and a consensus target price of C$30.11.

About Northland Power

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.