Algonquin Power & Utilities Corp (AQN) Receives C$14.32 Average Target Price from Brokerages
Shares of Algonquin Power & Utilities Corp (TSE:AQN) have been assigned an average rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$14.32.
Several equities analysts have commented on AQN shares. TD Securities increased their price target on Algonquin Power & Utilities Corp from C$14.00 to C$15.00 and gave the company a “buy” rating in a report on Monday, May 15th. Wells Fargo & Company started coverage on Algonquin Power & Utilities Corp in a report on Tuesday, June 20th. They set a “market perform” rating on the stock. Finally, Raymond James Financial, Inc. increased their price target on Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the company a “strong-buy” rating in a report on Friday, August 11th.
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Algonquin Power & Utilities Corp (TSE AQN) traded up 1.12% during mid-day trading on Friday, reaching $13.55. 851,959 shares of the company traded hands. The company has a market capitalization of $5.23 billion and a P/E ratio of 62.16. Algonquin Power & Utilities Corp has a 52-week low of $10.47 and a 52-week high of $14.35. The stock has a 50 day moving average price of $13.35 and a 200-day moving average price of $13.14.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.116 dividend. This is an increase from Algonquin Power & Utilities Corp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.46 annualized dividend and a dividend yield of 3.42%.
Algonquin Power & Utilities Corp Company Profile
Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.
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