Northland Power Inc. (TSE:NPI) reached a new 52-week high on Thursday . The stock traded as high as C$27.06 and last traded at C$27.06, with a volume of 39966 shares traded. The stock had previously closed at C$26.72.

NPI has been the subject of a number of research analyst reports. Royal Bank of Canada raised their target price on Northland Power from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a research note on Thursday, September 19th. National Bank Financial restated an “outperform” rating and issued a C$28.00 target price on shares of Northland Power in a research note on Thursday, September 19th. CIBC raised their target price on Northland Power from C$27.00 to C$27.50 in a research note on Friday, August 9th. TD Securities raised their target price on Northland Power from C$29.00 to C$30.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Raymond James reaffirmed a “strong-buy” rating and set a C$32.00 price objective on shares of Northland Power in a research report on Thursday, November 7th. 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. The stock presently has a consensus rating of “Buy” and a consensus price target of C$28.78.

The company has a debt-to-equity ratio of 541.73, a quick ratio of 0.45 and a current ratio of 1.03. The company has a market cap of $4.84 billion and a P/E ratio of 16.29. The stock has a 50-day moving average of C$25.97 and a two-hundred day moving average of C$25.33.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.10 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Friday, September 27th. Northland Power’s dividend payout ratio (DPR) is presently 72.07%.

Northland Power Company Profile (TSE:NPI)

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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