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, 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.

ILLEGAL ACTIVITY WARNING: “Algonquin Power & Utilities Corp (AQN) Receives C$14.32 Average Target Price from Brokerages” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at

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.

Analyst Recommendations for Algonquin Power & Utilities Corp (TSE:AQN)

Receive News & Stock Ratings for Algonquin Power & Utilities Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities Corp and related stocks with our FREE daily email newsletter.