Northland Power Inc. (TSE:NPI) Director Purchases C$14,747.70 in Stock

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

Northland Power Trading Up 0.6 %

Shares of NPI stock opened at C$17.90 on Thursday. Northland Power Inc. has a 1 year low of C$17.68 and a 1 year high of C$25.36. The company’s fifty day simple moving average is C$19.84 and its two-hundred day simple moving average is C$21.78. The company has a debt-to-equity ratio of 166.53, a current ratio of 0.86 and a quick ratio of 1.23. The stock has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 74.58, a PEG ratio of 0.71 and a beta of 0.47.

Northland Power Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a $0.10 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.20 annualized dividend and a yield of 6.70%. Northland Power’s dividend payout ratio is currently 500.00%.

Analyst Upgrades and Downgrades

Separately, Raymond James raised shares of Northland Power to a “moderate buy” rating in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.