Algonquin Power & Utilities Corp. (TSE:AQN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Algonquin Power & Utilities Corp. (TSE:AQN – Get Rating) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$20.00.

AQN has been the subject of several recent analyst reports. National Bank Financial downgraded Algonquin Power & Utilities from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Tuesday, May 3rd. National Bankshares cut Algonquin Power & Utilities to a “hold” rating in a report on Wednesday, May 4th.

In related news, Senior Officer Jennifer Sara Tindale sold 7,500 shares of Algonquin Power & Utilities stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of C$18.58, for a total transaction of C$139,350.00. Following the completion of the transaction, the insider now directly owns 31,507 shares in the company, valued at C$585,400.06.

Shares of TSE:AQN opened at C$17.19 on Thursday. The stock has a 50 day moving average of C$18.31 and a 200 day moving average of C$18.34. The company has a market cap of C$11.61 billion and a PE ratio of 25.28. The company has a current ratio of 0.96, a quick ratio of 0.54 and a debt-to-equity ratio of 95.39. Algonquin Power & Utilities has a 12-month low of C$16.75 and a 12-month high of C$20.19.

Algonquin Power & Utilities (TSE:AQN – Get Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported C$0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.29 by C($0.02). The company had revenue of C$931.93 million during the quarter, compared to the consensus estimate of C$974.36 million. Equities research analysts predict that Algonquin Power & Utilities will post 1.0409152 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a dividend of $0.467 per share. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.21. This represents a $1.87 annualized dividend and a yield of 10.87%. The ex-dividend date is Wednesday, June 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 100.35%.

About Algonquin Power & Utilities (Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.

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