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Equities research analysts at National Bank Financial lifted their price target on shares of Algonquin Power & Utilities Corp (TSE:AQN) from C$8.00 to C$8.50 in a research note issued to investors on Monday. National Bank Financial’s price target would suggest a potential downside of 0.23% from the company’s current price.

Shares of Algonquin Power & Utilities Corp (TSE:AQN) traded up 3.52% on Monday, hitting $8.82. The stock had a trading volume of 158,354 shares. Algonquin Power & Utilities Corp has a one year low of $5.96 and a one year high of $8.56. The stock’s 50-day moving average is $8.15 and its 200-day moving average is $7.84. The company has a market cap of $1.825 billion and a P/E ratio of 56.80.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 4.11%.

AQN has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Algonquin Power & Utilities Corp to C$10.00 in a research note on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$9.10.

Algonquin Power & Utilities Corp. (TSE:AQN) is engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, including companies, limited partnerships and trusts.

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