Algonquin Power & Utilities (TSE:AQN) had its price target cut by National Bank Financial from C$16.50 to C$15.50 in a research report released on Wednesday. They currently have an outperform rating on the stock.
A number of other research analysts have also recently commented on the company. TD Securities boosted their price target on Algonquin Power & Utilities from C$15.00 to C$16.00 in a report on Tuesday, October 24th. Desjardins boosted their price target on Algonquin Power & Utilities from C$15.25 to C$16.00 in a report on Monday, November 13th. Scotiabank reissued an outperform rating and issued a C$15.50 price target on shares of Algonquin Power & Utilities in a report on Monday, November 13th. BMO Capital Markets reissued an outperform rating and issued a C$16.00 price target on shares of Algonquin Power & Utilities in a report on Wednesday, December 6th. Finally, Royal Bank of Canada boosted their price target on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an outperform rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of C$15.17.
Algonquin Power & Utilities (TSE:AQN) opened at C$12.92 on Wednesday. The stock has a market capitalization of $5,000.00, a P/E ratio of 26.37 and a beta of 0.27. Algonquin Power & Utilities has a 52 week low of C$11.63 and a 52 week high of C$14.40.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.64%. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, December 28th. Algonquin Power & Utilities’s dividend payout ratio is 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.
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