Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.25 Average Price Target from Analysts

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$6.25.

AQN has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a report on Monday, August 12th. Raymond James lowered Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Janney Montgomery Scott raised Algonquin Power & Utilities to a “hold” rating in a report on Thursday, September 5th. Finally, National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th.

Algonquin Power & Utilities Trading Down 1.3 %

TSE:AQN opened at C$6.64 on Monday. The firm has a market cap of C$5.09 billion, a P/E ratio of 30.18, a PEG ratio of 1.07 and a beta of 0.52. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. The stock’s 50 day simple moving average is C$7.16 and its 200-day simple moving average is C$7.97. Algonquin Power & Utilities has a 12-month low of C$6.59 and a 12-month high of C$9.28.

Algonquin Power & Utilities (TSE:AQN) last released its earnings results on Friday, August 9th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.01. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. The business had revenue of C$819.06 million for the quarter, compared to analyst estimates of C$851.84 million. Equities analysts anticipate that Algonquin Power & Utilities will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.42%. Algonquin Power & Utilities’s payout ratio is 163.64%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.