Algonquin Power & Utilities Corp. (NYSE:AQN) has been assigned an average broker rating score of 2.25 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Algonquin Power & Utilities Corp.’s rating score has declined by 12.5% from 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a one year consensus price objective of $10.84 for the company and are expecting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Algonquin Power & Utilities Corp. an industry rank of 102 out of 265 based on the ratings given to its competitors.

Several equities research analysts recently issued reports on AQN shares. Zacks Investment Research raised shares of Algonquin Power & Utilities Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, August 30th. Wells Fargo & Company started coverage on shares of Algonquin Power & Utilities Corp. in a report on Tuesday, June 20th. They set a “market perform” rating on the stock.

A number of large investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC boosted its position in Algonquin Power & Utilities Corp. by 7.4% during the 2nd quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock worth $147,000 after buying an additional 965 shares during the period. KCG Holdings Inc. boosted its position in Algonquin Power & Utilities Corp. by 21.3% during the 1st quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock worth $124,000 after buying an additional 2,288 shares during the period. Hillsdale Investment Management Inc. boosted its position in Algonquin Power & Utilities Corp. by 4.6% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 82,270 shares of the utilities provider’s stock worth $866,000 after buying an additional 3,600 shares during the period. Naples Global Advisors LLC boosted its position in Algonquin Power & Utilities Corp. by 3.8% during the 2nd quarter. Naples Global Advisors LLC now owns 135,205 shares of the utilities provider’s stock worth $1,425,000 after buying an additional 5,000 shares during the period. Finally, Swiss National Bank boosted its position in Algonquin Power & Utilities Corp. by 1.4% during the 1st quarter. Swiss National Bank now owns 387,100 shares of the utilities provider’s stock worth $3,697,000 after buying an additional 5,200 shares during the period. Institutional investors and hedge funds own 38.06% of the company’s stock.

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) traded down 0.99% during trading on Friday, hitting $11.03. 60,941 shares of the stock were exchanged. The firm has a market capitalization of $4.25 billion, a P/E ratio of 64.13 and a beta of 0.81. Algonquin Power & Utilities Corp. has a 52 week low of $7.75 and a 52 week high of $11.21. The firm has a 50 day moving average price of $10.68 and a 200 day moving average price of $10.06.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a dividend of $0.1165 per share. This represents a $0.47 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Thursday, September 28th. Algonquin Power & Utilities Corp.’s dividend payout ratio (DPR) is presently 156.67%.

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About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, transmission, and distribution of utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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