Algonquin Power & Utilities Corp (TSE:AQN) – Equities research analysts at National Bank Financial upped their FY2017 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities Corp in a report issued on Tuesday. National Bank Financial analyst R. Merer now forecasts that the company will earn $0.69 per share for the year, up from their prior forecast of $0.64. National Bank Financial has a “Outperform” rating and a $16.00 price objective on the stock.

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Other research analysts have also recently issued research reports about the company. TD Securities raised their target price on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 in a research note on Tuesday, October 24th. Raymond James Financial, Inc. raised their target price on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the company a “strong-buy” rating in a research note on Friday, August 11th. CIBC raised their target price on Algonquin Power & Utilities Corp from C$15.50 to C$16.00 in a research note on Monday, November 13th. Scotiabank reaffirmed an “outperform” rating and set a C$15.50 target price on shares of Algonquin Power & Utilities Corp in a research note on Monday, November 13th. Finally, Royal Bank Of Canada raised their target price on Algonquin Power & Utilities Corp from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$15.28.

Algonquin Power & Utilities Corp (TSE AQN) opened at C$14.17 on Friday. Algonquin Power & Utilities Corp has a 52 week low of C$10.57 and a 52 week high of C$14.35.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be given a $0.15 dividend. This is a positive change from Algonquin Power & Utilities Corp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.23%. Algonquin Power & Utilities Corp’s dividend payout ratio (DPR) is 123.12%.

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.

Earnings History and Estimates for Algonquin Power & Utilities Corp (TSE:AQN)

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