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

Northland Power Inc. (TSE:NPI) announced a monthly dividend on Thursday, June 13th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.10 per share by the solar energy provider on Monday, July 15th. This represents a $1.20 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, June 28th.

Northland Power Price Performance

Northland Power stock opened at C$23.62 on Wednesday. The stock has a market capitalization of C$6.06 billion, a P/E ratio of -33.74, a P/E/G ratio of 0.71 and a beta of 0.44. Northland Power has a 12-month low of C$19.36 and a 12-month high of C$27.72. The company has a debt-to-equity ratio of 164.02, a current ratio of 1.16 and a quick ratio of 1.23. The firm’s 50-day moving average is C$22.82 and its two-hundred day moving average is C$23.25.

Northland Power (TSE:NPI) last announced its earnings results on Wednesday, May 15th. The solar energy provider reported C$0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.26). The firm had revenue of C$754.92 million for the quarter, compared to analyst estimates of C$684.27 million. Northland Power had a negative return on equity of 1.15% and a negative net margin of 7.16%. Equities analysts predict that Northland Power will post 1.3008658 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NPI shares. Scotiabank raised 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. Raymond James lowered Northland Power from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from C$32.00 to C$30.00 in a research note on Thursday, April 25th. CIBC lifted their price target on Northland Power from C$30.00 to C$31.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. National Bankshares increased their price objective on shares of Northland Power from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, TD Securities raised their target price on shares of Northland Power from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Northland Power presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.42.

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.