Northland Power (TSE:NPI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Northland Power Inc. (TSE:NPI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$19.04 and traded as high as C$21.71. Northland Power shares last traded at C$21.69, with a volume of 670,180 shares changing hands.

Analysts Set New Price Targets

NPI has been the topic of several analyst reports. CIBC reduced their target price on Northland Power from C$29.00 to C$28.00 in a report on Friday, February 28th. Cormark downgraded shares of Northland Power from a “moderate buy” rating to a “hold” rating in a research note on Thursday, May 15th. Scotiabank upgraded shares of Northland Power from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$25.00 to C$26.00 in a research report on Thursday, May 22nd. TD Securities upped their price target on shares of Northland Power from C$23.00 to C$24.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Finally, Raymond James Financial decreased their price objective on shares of Northland Power from C$30.00 to C$29.00 in a research note on Friday, February 28th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$27.08.

Northland Power Stock Performance

The firm has a market capitalization of C$5.69 billion, a price-to-earnings ratio of -39.74, a PEG ratio of 0.71 and a beta of 0.47. The company has a current ratio of 1.17, a quick ratio of 1.23 and a debt-to-equity ratio of 181.28. The stock’s 50-day moving average is C$20.19 and its 200-day moving average is C$19.04.

Northland Power Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a $0.10 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 5.53%. Northland Power’s dividend payout ratio is presently -219.84%.

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.