Algonquin Power & Utilities (NYSE:AQN - Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04), Zacks reports. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The firm had revenue of $584.80 million during the quarter, compared to analysts' expectations of $644.73 million.
Algonquin Power & Utilities Trading Down 3.6 %
NYSE:AQN traded down $0.18 during trading hours on Tuesday, hitting $4.71. The company had a trading volume of 16,055,996 shares, compared to its average volume of 10,251,968. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.79. The company has a market cap of $3.62 billion, a P/E ratio of -3.65 and a beta of 0.71. The company has a 50-day moving average of $4.60 and a 200 day moving average of $4.86. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17.
Algonquin Power & Utilities Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date of this dividend is Monday, March 31st. Algonquin Power & Utilities's dividend payout ratio (DPR) is currently -14.44%.
Analysts Set New Price Targets
Several brokerages recently weighed in on AQN. Scotiabank lifted their price target on Algonquin Power & Utilities from $5.25 to $5.50 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. National Bankshares reduced their target price on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. Royal Bank of Canada decreased their target price on Algonquin Power & Utilities from $6.00 to $5.50 and set a "sector perform" rating on the stock in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $7.00 price target on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $6.00.
View Our Latest Research Report on AQN
About Algonquin Power & Utilities
(
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Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.
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