Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler Acquires 820 Shares

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

Northland Power Stock Up 0.6 %

Shares of NPI opened at C$17.90 on Wednesday. The firm has a market cap of C$4.61 billion, a P/E ratio of 74.58, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The company has a debt-to-equity ratio of 166.53, a quick ratio of 1.23 and a current ratio of 0.86. Northland Power Inc. has a 52 week low of C$17.68 and a 52 week high of C$25.36. The firm’s 50-day simple moving average is C$19.98 and its 200 day simple moving average is C$21.88.

Northland Power Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.70%. Northland Power’s dividend payout ratio (DPR) is currently 500.00%.

Wall Street Analysts Forecast Growth

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

Northland Power Company Profile

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.