Eckhardt Guenter Ruemmler Purchases 810 Shares of Northland Power Inc. (TSE:NPI) Stock

Northland Power Inc. (TSE:NPI) Director Eckhardt Guenter Ruemmler purchased 810 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of C$20.04 per share, with a total value of C$16,228.65.

Eckhardt Guenter Ruemmler also recently made the following trade(s):

• On Monday, December 30th, Eckhardt Guenter Ruemmler bought 820 shares of Northland Power stock. The stock was purchased at an average cost of C$17.99 per share, with a total value of C$14,747.70.

Northland Power Price Performance

TSE NPI traded down C$0.31 on Friday, hitting C$19.74. 329,189 shares of the company were exchanged, compared to its average volume of 1,157,528. The company has a market cap of C$5.18 billion, a P/E ratio of -36.16, a P/E/G ratio of 0.71 and a beta of 0.47. Northland Power Inc. has a 1-year low of C$16.14 and a 1-year high of C$24.88. 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 firm has a 50 day moving average of C$18.34 and a two-hundred day moving average of C$19.67.

Northland Power Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend was Friday, January 31st. Northland Power’s dividend payout ratio is -219.84%.

Wall Street Analyst Weigh In

NPI has been the topic of several research analyst reports. Scotiabank cut their price target on shares of Northland Power from C$28.00 to C$25.00 in a research note on Thursday, January 30th. National Bankshares lowered their price objective on shares of Northland Power from C$34.00 to C$32.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. TD Securities upped their price objective on shares of Northland Power from C$23.00 to C$24.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Raymond James dropped their price objective on Northland Power from C$30.00 to C$29.00 in a report on Friday, February 28th. Finally, Cormark reduced their price target on Northland Power from C$25.00 to C$23.50 in a research report on Thursday, January 30th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Northland Power currently has an average rating of “Moderate Buy” and an average price target of C$27.21.

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.