Northland Power (TSE:NPI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Northland Power Inc. (TSE:NPI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$20.46 and traded as high as C$22.35. Northland Power shares last traded at C$22.25, with a volume of 586,977 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NPI shares. Cormark lowered shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. CIBC raised their price target on shares of Northland Power from C$28.00 to C$29.00 in a research note on Monday, July 21st. Raymond James Financial decreased their target price on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a research note on Friday, August 15th. Scotiabank raised shares of Northland Power from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$25.00 to C$26.00 in a research note on Thursday, May 22nd. Finally, National Bank Financial raised shares of Northland Power to a “strong-buy” rating in a research note on Sunday, June 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$27.08.

Northland Power Trading Down 0.6%

The stock has a market cap of C$5.82 billion, a PE ratio of -105.95, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. The company’s 50-day moving average price is C$22.41 and its 200 day moving average price is C$20.49.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Thursday, July 31st. Northland Power’s payout ratio is presently -571.43%.

About Northland Power

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.