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

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler purchased 810 shares of the business’s stock in a transaction on Friday, March 28th. The stock was acquired at an average cost 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 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 Down 1.9 %

Shares of Northland Power stock opened at C$19.67 on Monday. The firm has a market cap of C$5.16 billion, a price-to-earnings ratio of -36.04, a P/E/G ratio of 0.71 and a beta of 0.47. The stock has a 50-day simple moving average of C$18.35 and a 200-day simple moving average of C$19.66. Northland Power Inc. has a 52-week low of C$16.14 and a 52-week high of C$24.88. The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23.

Northland Power Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NPI shares. Cormark reduced their target price on Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. National Bankshares reduced their price target on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. Raymond James cut their target price on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. Scotiabank decreased their price objective on Northland Power from C$28.00 to C$25.00 in a research report on Thursday, January 30th. Finally, CIBC dropped their target price on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Northland Power has an average rating of “Moderate Buy” and an average target price of C$27.21.

Northland Power Company Profile

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.