Northland Power Inc. (TSE:NPI) Director Purchases C$14,747.70 in Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler purchased 820 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$17.99 per share, with a total value of C$14,747.70.

Northland Power Price Performance

Shares of Northland Power stock traded down C$0.22 during trading on Monday, hitting C$17.90. 834,793 shares of the company were exchanged, compared to its average volume of 1,133,038. The firm has a 50 day moving average price of C$20.05 and a 200 day moving average price of C$21.92. The stock has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 74.58, a P/E/G ratio of 0.71 and a beta of 0.47. 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 Inc. has a fifty-two week low of C$17.68 and a fifty-two week high of C$25.36.

Northland Power Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 annualized dividend and a dividend yield of 6.70%. Northland Power’s dividend payout ratio is currently 500.00%.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$30.14.

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.