Northland Power Inc. (TSE:NPI) Plans $0.06 Monthly Dividend

Northland Power Inc. (TSE:NPI – Get Free Report) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be given a dividend of 0.06 per share by the solar energy provider on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Tuesday, June 30th.

Northland Power Stock Down 0.3%

NPI stock opened at C$22.05 on Friday. The stock has a market capitalization of C$5.77 billion, a PE ratio of -38.68, a price-to-earnings-growth ratio of 0.71 and a beta of 0.81. Northland Power has a 52 week low of C$15.96 and a 52 week high of C$25.99. The company has a quick ratio of 1.23, a current ratio of 1.16 and a debt-to-equity ratio of 168.64. The firm has a 50 day moving average of C$22.98 and a 200 day moving average of C$21.09.

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Northland Power (TSE:NPI – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The solar energy provider reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$776.97 million for the quarter. Northland Power had a negative net margin of 5.52% and a negative return on equity of 3.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NPI. TD boosted their price objective on shares of Northland Power from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Friday, May 15th. Desjardins reduced their target price on Northland Power from C$24.00 to C$23.00 and set a “hold” rating for the company in a research note on Friday, May 15th. Raymond James Financial lifted their price target on Northland Power from C$25.50 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. National Bank Financial boosted their price target on Northland Power from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets increased their price objective on Northland Power from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$24.80.

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Northland Power Company Profile

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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. Northland’s growth opportunities are global and span North America, Europe, Latin America, and Asia.

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