Northland Power Inc. (TSE:NPI – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$17.74 and last traded at C$17.74, with a volume of 1662792 shares. The stock had previously closed at C$18.51.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. CIBC dropped their price objective on Northland Power from C$31.00 to C$29.00 in a report on Wednesday, January 8th. Raymond James raised Northland Power to a “moderate buy” rating in a report on Friday, November 15th. Finally, National Bankshares cut their price objective on shares of Northland Power from C$35.00 to C$34.00 in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Northland Power currently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.71.
Get Our Latest Stock Analysis on Northland Power
Northland Power Stock Down 4.2 %
Northland Power Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.76%. Northland Power’s payout ratio is 500.00%.
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.
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