Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Raymond James dropped their Q4 2024 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Sunday, November 10th. Raymond James analyst D. Quezada now forecasts that the company will post earnings per share of $0.13 for the quarter, down from their previous estimate of $0.17. Raymond James currently has a "Hold" rating on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share. Raymond James also issued estimates for Algonquin Power & Utilities' Q1 2025 earnings at $0.13 EPS.
Several other research firms have also recently commented on AQN. Wells Fargo & Company cut Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 12th. National Bank Financial raised Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Finally, Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$6.25.
View Our Latest Stock Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Down 0.5 %
Shares of TSE:AQN traded down C$0.03 during midday trading on Wednesday, reaching C$6.63. The company's stock had a trading volume of 1,909,327 shares, compared to its average volume of 2,776,577. The firm has a market cap of C$5.09 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. Algonquin Power & Utilities has a 1 year low of C$6.51 and a 1 year high of C$9.28. The business has a 50 day moving average price of C$7.08 and a 200 day moving average price of C$7.88.
Insider Transactions at Algonquin Power & Utilities
In other Algonquin Power & Utilities news, Director Christopher Huskilson purchased 25,000 shares of the business's stock in a transaction dated Friday, November 8th. The shares were bought at an average price of C$6.65 per share, for a total transaction of C$166,252.50. Insiders own 0.06% of the company's stock.
Algonquin Power & Utilities Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.088 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 5.31%. Algonquin Power & Utilities's dividend payout ratio is currently 163.64%.
About Algonquin Power & Utilities
(
Get Free Report)
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.
Featured Stories
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
