Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$6.25 Consensus Price Target from Brokerages

Shares of Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) have earned an average rating of "Hold" from the six analysts that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$6.25.

A number of equities analysts recently weighed in on the company. National Bank Financial raised Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Raymond James downgraded shares of Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a "hold" rating in a research note on Thursday, September 5th. 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.

Algonquin Power & Utilities Price Performance

Shares of TSE:AQN traded up C$0.07 on Monday, hitting C$6.96. The company's stock had a trading volume of 1,703,846 shares, compared to its average volume of 2,788,702. The company has a 50-day simple moving average of C$7.20 and a 200 day simple moving average of C$8.02. The company has a market capitalization of C$5.34 billion, a PE ratio of 31.32, a PEG ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 1 year low of C$6.76 and a 1 year high of C$9.28. The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last released its 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 return on equity of 0.24% and a net margin of 4.70%. The business had revenue of C$819.06 million for the quarter, compared to analysts' expectations of C$851.84 million. Sell-side analysts forecast that Algonquin Power & Utilities will post 0.4650555 EPS for the current fiscal year.

Algonquin Power & Utilities Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 5.17%. The ex-dividend date of this dividend was Friday, September 27th. Algonquin Power & Utilities's dividend payout ratio (DPR) is currently 163.64%.

About Algonquin Power & Utilities

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.