Northland Power Inc. (TSE:NPI) Director John Wycliffe Brace Sells 226,000 Shares

Northland Power Inc. (TSE:NPI) Director John Wycliffe Brace sold 226,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$33.01, for a total value of C$7,461,277.00. Following the completion of the sale, the director now owns 226,026 shares of the company’s stock, valued at C$7,462,135.38.

Shares of NPI stock opened at C$33.42 on Wednesday. Northland Power Inc. has a fifty-two week low of C$20.52 and a fifty-two week high of C$34.37. The company has a debt-to-equity ratio of 466.27, a quick ratio of 0.82 and a current ratio of 1.09. The stock’s fifty day moving average is C$31.74 and its two-hundred day moving average is C$29.50. The firm has a market capitalization of $6.62 billion and a P/E ratio of 17.19.

Northland Power (TSE:NPI) last issued its earnings results on Wednesday, May 13th. The solar energy provider reported C$0.70 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.52 by C$0.18. The business had revenue of C$667.70 million during the quarter, compared to analyst estimates of C$647.00 million. On average, equities analysts forecast that Northland Power Inc. will post 1.87 earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.20 dividend on an annualized basis and a yield of 3.59%. Northland Power’s payout ratio is 61.73%.

A number of equities research analysts recently issued reports on NPI shares. CIBC lifted their price target on shares of Northland Power from C$32.00 to C$33.00 in a research note on Sunday, May 17th. BMO Capital Markets increased their price objective on shares of Northland Power from C$33.00 to C$36.00 in a report on Thursday, June 25th. Raymond James boosted their target price on shares of Northland Power from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Sunday, May 17th. Finally, National Bank Financial raised their price target on shares of Northland Power from C$32.50 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, June 4th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$34.17.

Northland Power Company Profile

Northland Power Inc develops, builds, owns, and operates clean and green power projects primarily in Canada and Europe. The company produces electricity from renewable resources, such as wind, solar, or hydro power, as well as clean burning natural gas and biomass for sale under power purchase agreements and other revenue arrangements.

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