Algonquin Power & Utilities Corp. (TSE:AQN) Given Consensus Rating of “Hold” by Analysts

Algonquin Power & Utilities Corp. (TSE:AQN) has earned an average rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$6.25.

A number of equities research analysts have recently weighed in on AQN shares. Janney Montgomery Scott upgraded Algonquin Power & Utilities to a “hold” rating in a report on Thursday. Wells Fargo & Company lowered shares of Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. Raymond James cut shares of Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a report on Monday, August 12th. Finally, National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th.

Algonquin Power & Utilities Price Performance

Shares of AQN stock opened at C$7.08 on Friday. The firm has a fifty day moving average of C$7.89 and a two-hundred day moving average of C$8.21. The firm has a market cap of C$5.43 billion, a P/E ratio of 32.18, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities has a 1-year low of C$6.75 and a 1-year high of C$9.93. The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. The business had revenue of C$819.06 million during the quarter, compared to the consensus estimate of C$851.84 million. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. As a group, research analysts anticipate that Algonquin Power & Utilities will post 0.642355 earnings per share for the current fiscal year.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Friday, September 27th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 163.64%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.