Northland Power Inc. (NPI) Insider James C. Temerty Acquires 150,000 Shares of Stock

Northland Power Inc. (TSE:NPI) insider James C. Temerty bought 150,000 shares of Northland Power stock in a transaction dated Friday, March 23rd. The shares were acquired at an average cost of C$22.83 per share, for a total transaction of C$3,424,500.00.

Northland Power stock traded up C$0.08 during midday trading on Friday, hitting C$22.73. The company had a trading volume of 348,500 shares, compared to its average volume of 296,867. Northland Power Inc. has a one year low of C$21.35 and a one year high of C$25.04. The company has a market capitalization of $3,910.00, a price-to-earnings ratio of 26.43 and a beta of 0.19.

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Northland Power (TSE:NPI) last released its quarterly earnings results on Thursday, February 22nd. The solar energy provider reported C$0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.33 by C($0.08). Northland Power had a net margin of 20.85% and a return on equity of 26.18%. The firm had revenue of C$394.61 million for the quarter, compared to the consensus estimate of C$320.12 million.

The company also recently declared a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Northland Power’s previous monthly dividend of $0.09. This represents a $1.20 annualized dividend and a dividend yield of 5.28%. Northland Power’s payout ratio is currently 116.28%.

Several equities analysts have recently issued reports on NPI shares. National Bank Financial reduced their target price on Northland Power from C$26.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 7th. 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 analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$26.30.

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About Northland Power

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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