Shares of Algonquin Power & Utilities Corp. (NYSE:AQN – Get Free Report) have been given a consensus rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.4091.
Several brokerages have weighed in on AQN. TD Securities raised shares of Algonquin Power & Utilities to a “hold” rating in a report on Monday, August 11th. Wall Street Zen raised shares of Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a report on Saturday, October 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Algonquin Power & Utilities in a report on Wednesday, October 8th. Finally, Desjardins lifted their price target on shares of Algonquin Power & Utilities from $6.25 to $6.75 and gave the company a “buy” rating in a report on Thursday, October 9th.
Check Out Our Latest Analysis on Algonquin Power & Utilities
Institutional Investors Weigh In On Algonquin Power & Utilities
Algonquin Power & Utilities Trading Up 0.7%
Shares of Algonquin Power & Utilities stock opened at $5.83 on Friday. The company’s fifty day simple moving average is $5.69 and its 200-day simple moving average is $5.62. The stock has a market capitalization of $4.48 billion, a PE ratio of -3.24 and a beta of 0.72. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.09 and a quick ratio of 0.86.
Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The utilities provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $535.59 million for the quarter, compared to analysts’ expectations of $535.64 million. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. During the same quarter last year, the company posted $0.09 EPS. As a group, equities analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.
Algonquin Power & Utilities Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.26 annualized dividend and a yield of 4.5%. Algonquin Power & Utilities’s payout ratio is currently -14.44%.
Algonquin Power & Utilities Company Profile
Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.
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