Brokerages Set Algonquin Power & Utilities Corp (AQN) Price Target at $14.17
Shares of Algonquin Power & Utilities Corp (TSE:AQN) have earned a consensus rating of “Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$14.17.
Several research firms have recently weighed in on AQN. Wells Fargo & Company began coverage on Algonquin Power & Utilities Corp in a research note on Tuesday, June 20th. They set a “market perform” rating for the company. Raymond James Financial, Inc. increased their price target on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 11th.
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Algonquin Power & Utilities Corp (TSE:AQN) traded up 0.69% during midday trading on Wednesday, hitting $13.09. The stock had a trading volume of 495,519 shares. The stock has a market cap of $5.05 billion and a P/E ratio of 60.05. The company has a 50-day moving average price of $13.35 and a 200-day moving average price of $13.26. Algonquin Power & Utilities Corp has a 52 week low of $10.47 and a 52 week high of $14.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.116 per share. This is an increase from Algonquin Power & Utilities Corp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.46 annualized dividend and a dividend yield of 3.57%.
Algonquin Power & Utilities Corp 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.
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