Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) has been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$6.25.
A number of analysts have weighed in on the company. Raymond James cut Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Wells Fargo & Company lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 12th. Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a report on Thursday, September 5th. Finally, National Bank Financial upgraded shares of Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th.
Read Our Latest Analysis on AQN
Algonquin Power & Utilities Stock Down 2.6 %
TSE:AQN traded down C$0.19 during midday trading on Thursday, reaching C$7.24. The company had a trading volume of 1,886,183 shares, compared to its average volume of 2,769,446. The stock's fifty day simple moving average is C$7.62 and its 200-day simple moving average is C$8.14. 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 has a 12-month low of C$6.75 and a 12-month high of C$9.28. The firm has a market capitalization of C$5.55 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.07 and a beta of 0.52.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, August 9th. The company reported C$0.12 EPS for the quarter, topping analysts' consensus estimates of C$0.11 by C$0.01. The business had revenue of C$819.06 million during the quarter, compared to the consensus estimate of C$851.84 million. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. On average, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.4865591 earnings per share for the current fiscal year.
Algonquin Power & Utilities Cuts Dividend
The company 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 dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a yield of 4.97%. Algonquin Power & Utilities's dividend payout ratio is presently 163.64%.
About Algonquin Power & Utilities
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Get Free ReportAlgonquin 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.
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