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.

TRADEMARK VIOLATION WARNING: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/09/25/brokerages-set-algonquin-power-utilities-corp-aqn-price-target-at-14-17.html.

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.

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

Receive News & Ratings for Algonquin Power & Utilities Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities Corp and related companies with MarketBeat.com's FREE daily email newsletter.