Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$24.06 and last traded at C$6.95, with a volume of 970752 shares. The stock had previously closed at C$6.89.
Analyst Upgrades and Downgrades
AQN has been the subject of a number of research analyst reports. Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a "hold" rating in a research note on Thursday, September 5th. National Bank Financial raised shares of Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Raymond James cut shares of Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Finally, Wells Fargo & Company cut shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of C$6.25.
Get Our Latest Report on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Performance
The firm has a market cap of C$5.39 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The stock's 50 day moving average is C$7.41 and its 200 day moving average is C$8.08. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, beating analysts' consensus estimates of C$0.11 by C$0.01. Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%. The business had revenue of C$819.06 million for the quarter, compared to analyst estimates of C$851.84 million. Analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4865591 earnings per share for the current year.
Algonquin Power & Utilities Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.09 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 5.12%. Algonquin Power & Utilities's dividend payout ratio (DPR) 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.
Further Reading
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