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Stock analysts at TD Securities increased their price objective on shares of Algonquin Power & Utilities Corp (TSE:AQN) from C$9.00 to C$9.50 in a report issued on Monday. TD Securities’ price target suggests a potential upside of 11.50% from the company’s current price.

Shares of Algonquin Power & Utilities Corp (TSE:AQN) traded up 2.93% during mid-day trading on Monday, hitting $8.77. 259,660 shares of the company’s stock traded hands. Algonquin Power & Utilities Corp has a 1-year low of $5.96 and a 1-year high of $8.56. The stock has a 50-day moving average of $8.15 and a 200-day moving average of $7.84. The company has a market cap of $1.814 billion and a P/E ratio of 56.80.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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%.

Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of Algonquin Power & Utilities Corp from C$8.00 to C$8.50 in a research note on Monday. Separately, 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. Finally, analysts at BMO Capital Markets raised their price target on shares of Algonquin Power & Utilities Corp from C$8.50 to C$9.50 in a research note on Wednesday, June 11th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Algonquin Power & Utilities Corp presently has a consensus rating of “Buy” and an average price target of C$9.20.

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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