Northland Power (TSE:NPI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Northland Power Inc. (TSE:NPI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. CIBC lowered their price objective on shares of Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Cormark lowered their target price on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Raymond James lowered their target price on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. TD Securities increased their target price on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, National Bankshares lowered their target price on Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Northland Power presently has a consensus rating of “Moderate Buy” and an average price target of C$27.21.

Northland Power Stock Performance

The stock’s 50 day moving average price is C$18.13 and its 200 day moving average price is C$19.81. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The company has a market capitalization of C$4.97 billion, a price-to-earnings ratio of -34.72, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.33%. Northland Power’s dividend payout ratio is -219.84%.

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.