Algonquin Power & Utilities (TSE:AQN) had its price objective increased by National Bank Financial from C$16.00 to C$16.50 in a research report released on Wednesday. They currently have an outperform rating on the stock. National Bank Financial also issued estimates for Algonquin Power & Utilities’ FY2017 earnings at $0.70 EPS.

AQN has been the topic of a number of other reports. BMO Capital Markets restated an outperform rating and issued a C$16.00 price objective on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. CIBC boosted their price objective on Algonquin Power & Utilities from C$15.50 to C$16.00 in a research note on Monday, November 13th. Raymond James Financial boosted their price objective on Algonquin Power & Utilities from C$15.00 to C$16.00 and gave the company a strong-buy rating in a research note on Friday, August 11th. Scotiabank restated an outperform rating and issued a C$15.50 price objective on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Finally, Desjardins boosted their price objective on Algonquin Power & Utilities from C$15.25 to C$16.00 in a research note on Monday, November 13th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of C$15.33.

Shares of Algonquin Power & Utilities (TSE AQN) opened at C$14.24 on Wednesday. Algonquin Power & Utilities has a 52 week low of C$11.09 and a 52 week high of C$14.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 4.21%. Algonquin Power & Utilities’s dividend payout ratio is currently 123.12%.

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Algonquin Power & Utilities 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 (TSE:AQN)

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