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

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

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

• On Monday, December 30th, Eckhardt Guenter Ruemmler acquired 820 shares of Northland Power stock. The shares were purchased at an average cost of C$17.99 per share, with a total value of C$14,747.70.

Northland Power Stock Performance

NPI traded down C$0.31 during midday trading on Friday, reaching C$19.74. The company had a trading volume of 329,189 shares, compared to its average volume of 1,157,528. The company has a market cap of C$5.18 billion, a P/E ratio of -36.16, a P/E/G ratio of 0.71 and a beta of 0.47. The company has a quick ratio of 1.23, a current ratio of 1.17 and a debt-to-equity ratio of 181.28. The business has a 50-day moving average of C$18.34 and a two-hundred day moving average of C$19.67. Northland Power Inc. has a 1 year low of C$16.14 and a 1 year high of C$24.88.

Northland Power Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Friday, January 31st. Northland Power’s dividend payout ratio is currently -219.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NPI shares. Scotiabank cut their target price on shares of Northland Power from C$28.00 to C$25.00 in a report on Thursday, January 30th. TD Securities lifted their price target on Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. CIBC reduced their target price on shares of Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Cormark cut their price target on shares of Northland Power from C$25.00 to C$23.50 in a report on Thursday, January 30th. Finally, National Bankshares lowered their price objective 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.