Northland Power Inc. (TSE:NPI) Director John Wycliffe Brace sold 226,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$33.01, for a total transaction of C$7,461,277.00. Following the transaction, the director now owns 226,026 shares in the company, valued at C$7,462,135.38.
TSE:NPI traded up C$0.32 during trading hours on Tuesday, reaching C$33.74. The company’s stock had a trading volume of 366,481 shares, compared to its average volume of 802,151. The company has a market cap of $6.62 billion and a price-to-earnings ratio of 17.19. Northland Power Inc. has a one year low of C$20.52 and a one year high of C$34.37. The business’s 50-day moving average is C$31.69 and its 200-day moving average is C$29.48. The company has a debt-to-equity ratio of 466.27, a current ratio of 1.09 and a quick ratio of 0.82.
Northland Power (TSE:NPI) last released its earnings results on Wednesday, May 13th. The solar energy provider reported C$0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.52 by C$0.18. The firm had revenue of C$667.70 million for the quarter, compared to analyst estimates of C$647.00 million. On average, sell-side analysts predict that Northland Power Inc. will post 1.87 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Monday, June 29th. Northland Power’s dividend payout ratio is 61.73%.
Several research firms have recently commented on NPI. BMO Capital Markets boosted their price target on shares of Northland Power from C$33.00 to C$36.00 in a report on Thursday, June 25th. CIBC upped their price objective on shares of Northland Power from C$32.00 to C$33.00 in a report on Sunday, May 17th. National Bank Financial upped their price objective on shares of Northland Power from C$32.50 to C$35.00 and gave the stock an “outperform” rating in a report on Thursday, June 4th. Finally, Raymond James upped their price objective on shares of Northland Power from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Sunday, May 17th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$34.17.
Northland Power Company Profile
Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.
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