Northland Power (TSE:NPI – Free Report) had its price objective cut by Desjardins from C$28.00 to C$27.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the solar energy provider’s stock.
Several other analysts have also recently issued reports on NPI. CIBC upped their price target on shares of Northland Power from C$28.00 to C$29.00 in a report on Monday, July 21st. Raymond James Financial cut their price target on shares of Northland Power from C$29.00 to C$28.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Northland Power currently has an average rating of “Buy” and an average target price of C$27.07.
Get Our Latest Analysis on NPI
Northland Power Trading Down 1.8%
Northland Power Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 15th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, July 31st. Northland Power’s dividend payout ratio (DPR) is presently -571.43%.
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.
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