Northland Power Inc. (TSE:NPI – Get Free Report)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$19.84 and traded as high as C$20.07. Northland Power shares last traded at C$19.34, with a volume of 1,149,852 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. TD Securities upped their price target on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Raymond James decreased their target price on shares of Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. CIBC decreased their target price on shares of Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Scotiabank decreased their target price on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. Finally, Cormark decreased their price target on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.21.
Get Our Latest Report on Northland Power
Northland Power Price Performance
Northland Power Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th were issued a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.20%. The ex-dividend date was Friday, January 31st. Northland Power’s dividend payout ratio is currently -219.84%.
Northland Power Company Profile
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.
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