Northland Power Inc. (TSE:NPI) – Investment analysts at National Bank Financial issued their Q2 2018 earnings per share (EPS) estimates for shares of Northland Power in a note issued to investors on Sunday. National Bank Financial analyst R. Merer expects that the solar energy provider will post earnings of $0.29 per share for the quarter. National Bank Financial has a “Outperform” rating and a $26.00 price target on the stock. National Bank Financial also issued estimates for Northland Power’s Q3 2018 earnings at $0.34 EPS, FY2018 earnings at $1.38 EPS and FY2019 earnings at $1.68 EPS.
Several other brokerages also recently weighed in on NPI. TD Securities raised their target price on Northland Power from C$27.00 to C$28.00 and gave the company an “action list buy” rating in a research note on Friday, November 10th. BMO Capital Markets set a C$25.00 target price on Northland Power and gave the company a “market perform” rating in a research note on Friday, January 19th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Northland Power currently has a consensus rating of “Buy” and an average price target of C$26.58.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.10 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 5.43%. This is an increase from Northland Power’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Tuesday, February 27th. Northland Power’s dividend payout ratio (DPR) is 116.28%.
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Northland Power Company Profile
Northland Power Inc (Northland) is an independent power producer. The Company develops, finances, builds, owns and operates facilities in Canada and internationally that produce clean and green energy using natural gas, biomass, wind and solar technology. Northland segments include thermal; renewable; managed, which includes management and operations services for Kirkland Lake, Cochrane and Canadian Environmental Energy Corporation (CEEC); offshore wind, including Gemini and Nordsee, and other, which includes investment income and administration of Northland.
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