Algonquin Power & Utilities Corp. (TSE:AQN) – Analysts at National Bank Financial lifted their FY2017 earnings per share estimates for shares of Algonquin Power & Utilities in a note issued to investors on Tuesday. National Bank Financial analyst R. Merer now forecasts that the company will post earnings of $0.70 per share for the year, up from their previous estimate of $0.69. National Bank Financial has a “Outperform” rating and a $16.50 price objective on the stock.

Several other analysts have also issued reports on AQN. Raymond James Financial upped their target price on Algonquin Power & Utilities from C$15.00 to C$16.00 and gave the stock a “strong-buy” rating in a research note on Friday, August 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 target price on shares of Algonquin Power & Utilities in a research note on Wednesday. CIBC upped their target price on Algonquin Power & Utilities from C$15.50 to C$16.00 in a research note on Monday, November 13th. Royal Bank Of Canada upped their target price on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th. Finally, Scotiabank reaffirmed an “outperform” rating and issued a C$15.50 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$15.33.

Shares of Algonquin Power & Utilities (AQN) opened at C$14.20 on Friday. Algonquin Power & Utilities has a 52 week low of C$11.04 and a 52 week high of C$14.40.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Thursday, December 28th. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. Algonquin Power & Utilities’s dividend payout ratio is 123.12%.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/08/fy2017-earnings-forecast-for-algonquin-power-utilities-corp-issued-by-national-bank-financial-aqn.html.

About Algonquin Power & Utilities

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.

Earnings History and Estimates for Algonquin Power & Utilities (TSE:AQN)

Receive News & Ratings for Algonquin Power & Utilities Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities Corp. and related companies with MarketBeat.com's FREE daily email newsletter.