BMO Capital Markets set a C$15.50 target price on Algonquin Power & Utilities (TSE:AQN) in a report issued on Wednesday. The firm currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the stock. Desjardins lifted their price target on shares of Algonquin Power & Utilities from C$15.50 to C$15.75 in a research report on Wednesday. TD Securities decreased their price target on shares of Algonquin Power & Utilities from C$16.00 to C$15.50 and set a buy rating on the stock in a research report on Monday, March 5th. National Bank Financial lowered their price objective on shares of Algonquin Power & Utilities from C$15.50 to C$15.00 and set an outperform rating on the stock in a research report on Monday, March 5th. Finally, Raymond James lifted their price objective on shares of Algonquin Power & Utilities from C$16.00 to C$16.50 and gave the stock a strong-buy rating in a research report on Wednesday, March 14th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of C$15.59.
Algonquin Power & Utilities stock opened at C$12.65 on Wednesday. Algonquin Power & Utilities has a 1 year low of C$12.18 and a 1 year high of C$14.40.
Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Thursday, March 1st. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.15 by C$0.05. The firm had revenue of C$523.40 million for the quarter, compared to analyst estimates of C$529.23 million. Algonquin Power & Utilities had a net margin of 11.03% and a return on equity of 8.59%.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were given a dividend of $0.149 per share. This represents a $0.60 annualized dividend and a yield of 4.71%. The ex-dividend date was Wednesday, March 28th.
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About Algonquin Power & Utilities
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates regulated and non-regulated 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.