Algonquin Power & Utilities Corp (AQN) Given Average Rating of “Buy” by Analysts

Shares of Algonquin Power & Utilities Corp (TSE:AQN) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$15.33.

Several research analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and issued a C$16.00 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. CIBC boosted their price objective on shares of Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th. Scotiabank restated an “outperform” rating and issued a C$15.50 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Desjardins boosted their price objective on shares of Algonquin Power & Utilities from C$15.25 to C$16.00 in a research report on Monday, November 13th. Finally, TD Securities boosted their price objective on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 in a research report on Tuesday, October 24th.

Algonquin Power & Utilities (TSE AQN) traded down C$0.04 during trading hours on Tuesday, hitting C$13.57. 686,700 shares of the stock were exchanged, compared to its average volume of 961,793. Algonquin Power & Utilities has a 52 week low of C$11.20 and a 52 week high of C$14.40. The company has a market capitalization of $5,250.00, a PE ratio of 27.69 and a beta of 0.39.

Algonquin Power & Utilities (TSE:AQN) last posted its earnings results on Tuesday, November 14th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.13 by C$0.03. Algonquin Power & Utilities had a net margin of 11.03% and a return on equity of 8.59%.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.15 per share. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 4.42%. Algonquin Power & Utilities’s payout ratio is presently 123.12%.

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Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

Analyst Recommendations for Algonquin Power & Utilities (TSE:AQN)

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