Northland Power Inc. (TSE:NPI) – Analysts at National Bank Financial reduced their Q4 2017 EPS estimates for Northland Power in a research report issued to clients and investors on Thursday. National Bank Financial analyst R. Merer now anticipates that the solar energy provider will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.48.
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Other equities research analysts also recently issued reports about the company. BMO Capital Markets lifted their price objective on Northland Power from C$24.00 to C$24.50 in a report on Friday, September 8th. TD Securities lifted their price objective on Northland Power from C$27.00 to C$28.00 and gave the stock an “action list buy” rating in a report on Friday. Finally, Royal Bank Of Canada lifted their price objective on Northland Power from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 23rd.
Shares of Northland Power (TSE:NPI) opened at C$23.86 on Monday. Northland Power has a twelve month low of C$20.89 and a twelve month high of C$25.04.
The company also recently declared a monthly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.53%. Northland Power’s dividend payout ratio is currently 71.05%.
About Northland Power
Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.
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