Northland Power (TSE:NPI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Northland Power Inc. (TSE:NPI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.95 and traded as high as C$22.00. Northland Power shares last traded at C$21.82, with a volume of 649,961 shares traded.

Wall Street Analyst Weigh In

NPI has been the topic of a number of research reports. CIBC lowered their price objective on Northland Power from C$29.00 to C$28.00 in a research report on Friday, February 28th. Scotiabank upgraded Northland Power from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. TD Securities boosted their price objective on Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Raymond James Financial lowered their price objective on Northland Power from C$30.00 to C$29.00 in a research report on Friday, February 28th. Finally, National Bank Financial upgraded Northland Power to a “strong-buy” rating in a research report on Sunday, June 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$27.08.

Northland Power Trading Up 0.3%

The company has a debt-to-equity ratio of 181.28, a current ratio of 1.17 and a quick ratio of 1.23. The company has a market cap of C$5.72 billion, a price-to-earnings ratio of -39.98, a price-to-earnings-growth ratio of 0.71 and a beta of 0.47. The business has a 50 day simple moving average of C$19.81 and a 200 day simple moving average of C$18.95.

Northland Power Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Monday, March 31st. Northland Power’s dividend payout ratio (DPR) is presently -219.84%.

About Northland Power

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.