Algonquin Power & Utilities Corp (AQN) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Algonquin Power & Utilities Corp (TSE:AQN) have been assigned an average rating of “Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$14.17.
AQN has been the topic of several recent analyst reports. Raymond James Financial, Inc. upped their price objective on shares of Algonquin Power & Utilities Corp from C$15.00 to C$16.00 and gave the stock a “strong-buy” rating in a report on Friday, August 11th. Wells Fargo & Company initiated coverage on shares of Algonquin Power & Utilities Corp in a report on Tuesday, June 20th. They issued a “market perform” rating on the stock.
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Algonquin Power & Utilities Corp (AQN) opened at 13.53 on Friday. The stock’s 50 day moving average is $13.29 and its 200-day moving average is $13.35. Algonquin Power & Utilities Corp has a 12 month low of $10.47 and a 12 month high of $14.35. The stock has a market capitalization of $5.22 billion and a price-to-earnings ratio of 62.06.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were issued a $0.116 dividend. This is a positive change from Algonquin Power & Utilities Corp’s previous quarterly dividend of $0.09. This represents a $0.46 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Thursday, September 28th.
About Algonquin Power & Utilities Corp
Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.
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