Algonquin Power & Utilities (TSE:AQN) Price Target Increased to C$13.00 by Analysts at National Bank Financial

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Algonquin Power & Utilities (TSE:AQN) had its price objective lifted by National Bank Financial from C$12.50 to C$13.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued reports about the company. Raymond James reissued a buy rating on shares of Canadian Natural Resources in a research report on Friday, May 10th. BMO Capital Markets boosted their price target on Dollarama from C$35.00 to C$45.00 and gave the stock a market perform rating in a research report on Wednesday, June 5th.

Shares of TSE AQN opened at C$16.23 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.83 and a debt-to-equity ratio of 91.63. The firm’s fifty day moving average price is C$16.10. The company has a market cap of $8.00 billion and a price-to-earnings ratio of 37.74. Algonquin Power & Utilities has a twelve month low of C$12.46 and a twelve month high of C$16.60.

Algonquin Power & Utilities (TSE:AQN) last issued its earnings results on Thursday, May 9th. The company reported C$0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.27 by C($0.02). The business had revenue of C$634.50 million during the quarter, compared to analyst estimates of C$664.96 million. On average, equities research analysts anticipate that Algonquin Power & Utilities will post 0.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 4.68%. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, June 27th. Algonquin Power & Utilities’s payout ratio is presently 119.26%.

Algonquin Power & Utilities Company Profile

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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