Northland Power Inc. (TSE:NPI) Director Purchases C$16,228.65 in Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler acquired 810 shares of Northland Power stock in a transaction dated Friday, March 28th. The stock was purchased at an average price of C$20.04 per share, with a total value of C$16,228.65.

Eckhardt Guenter Ruemmler also recently made the following trade(s):

• On Monday, December 30th, Eckhardt Guenter Ruemmler bought 820 shares of Northland Power stock. The stock was purchased at an average price of C$17.99 per share, for a total transaction of C$14,747.70.

Northland Power Stock Down 1.9 %

NPI opened at C$19.67 on Friday. The company has a fifty day moving average of C$18.35 and a two-hundred day moving average of C$19.67. The company has a debt-to-equity ratio of 181.28, a quick ratio of 1.23 and a current ratio of 1.17. Northland Power Inc. has a fifty-two week low of C$16.14 and a fifty-two week high of C$24.88. The stock has a market capitalization of C$5.16 billion, a price-to-earnings ratio of -36.04, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.10%. Northland Power’s payout ratio is -219.84%.

Wall Street Analyst Weigh In

Several brokerages have commented on NPI. Cormark decreased their price objective on shares of Northland Power from C$25.00 to C$23.50 in a research note on Thursday, January 30th. CIBC decreased their target price on shares of Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. TD Securities increased their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. National Bankshares decreased their price objective 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. Finally, Raymond James lowered their target price on Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$27.21.

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.