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Several investment firms have updated their stock ratings and price targets on shares of Algonquin Power & Utilities Corp (TSE: AQN) in the last week:

  • Algonquin Power & Utilities Corp had its price target raised by analysts at BMO Capital Markets to C$10.00.
  • Algonquin Power & Utilities Corp had its price target raised by analysts at TD Securities from C$9.00 to C$9.50. They now have a “buy” rating on the stock.
  • Algonquin Power & Utilities Corp had its price target raised by analysts at National Bank Financial from C$8.00 to C$8.50.
  • Algonquin Power & Utilities Corp had its price target raised by analysts at CIBC from C$8.25 to C$9.00. They now have a “sector perform” rating on the stock.

Algonquin Power & Utilities Corp (TSE:AQN) opened at 8.89 on Monday. Algonquin Power & Utilities Corp has a 52 week low of $5.96 and a 52 week high of $8.97. The stock has a 50-day moving average of $8.25 and a 200-day moving average of $7.91. The company has a market cap of $1.844 billion and a price-to-earnings ratio of 28.65.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 3.94%.

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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