Algonquin Power & Utilities Corp (TSE:AQN) shares hit a new 52-week high on Monday . The company traded as high as C$17.29 and last traded at C$17.25, with a volume of 433823 shares trading hands. The stock had previously closed at C$17.09.

A number of equities research analysts have recently commented on the stock. National Bank Financial upped their target price on shares of Algonquin Power & Utilities from C$12.50 to C$13.00 and gave the company a “sector perform” rating in a report on Wednesday, July 10th. Raymond James reaffirmed a “strong-buy” rating and issued a C$13.00 target price on shares of Algonquin Power & Utilities in a report on Friday, May 10th. Finally, BMO Capital Markets set a C$13.00 target price on shares of Algonquin Power & Utilities and gave the company an “outperform” rating in a report on Wednesday, June 5th.

The business’s fifty day moving average price is C$16.49 and its 200 day moving average price is C$15.58. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 88.87. The firm has a market capitalization of $8.42 billion and a PE ratio of 113.62.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.188 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.35%. Algonquin Power & Utilities’s payout ratio is 345.79%.

Algonquin Power & Utilities Company Profile (TSE:AQN)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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