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. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.10 per share by the solar energy provider on Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Monday, April 29th.

Northland Power Stock Down 1.1 %

NPI stock opened at C$22.14 on Friday. The company has a debt-to-equity ratio of 165.58, a current ratio of 1.13 and a quick ratio of 1.23. Northland Power has a 1-year low of C$19.36 and a 1-year high of C$34.56. The firm has a fifty day moving average price of C$23.00 and a two-hundred day moving average price of C$22.86. The firm has a market cap of C$5.66 billion, a price-to-earnings ratio of -30.75, a PEG ratio of 0.71 and a beta of 0.45.

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

Analyst Ratings Changes

Several research firms have recently commented on NPI. Raymond James lowered their price target on shares of Northland Power from C$35.00 to C$32.00 and set a “strong-buy” rating for the company in a research report on Friday, February 23rd. BMO Capital Markets lowered their price target on shares of 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. National Bankshares upped their price target on shares of 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. Finally, CIBC lowered their price target on shares of Northland Power from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. Nine analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$32.21.

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.