Insider Buying: Northland Power Inc. (TSE:NPI) Director Purchases 820 Shares of Stock

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

Northland Power Stock Up 0.6 %

NPI opened at C$17.90 on Thursday. The business’s fifty day simple moving average is C$19.84 and its 200 day simple moving average is C$21.78. Northland Power Inc. has a 52 week low of C$17.68 and a 52 week high of C$25.36. The company has a quick ratio of 1.23, a current ratio of 0.86 and a debt-to-equity ratio of 166.53. The stock has a market cap of C$4.61 billion, a PE ratio of 74.58, a P/E/G ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Northland Power

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.