Algonquin Power & Utilities Corp. (NYSE:AQN) has earned a consensus broker rating score of 2.25 (Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.
Brokers have set a 1-year consensus price objective of $11.93 for the company and are forecasting that the company will post $0.13 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Algonquin Power & Utilities an industry rank of 218 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Monday, September 11th.
Shares of Algonquin Power & Utilities (NYSE:AQN) traded down $0.34 during trading on Friday, hitting $10.78. 188,403 shares of the stock were exchanged, compared to its average volume of 140,300. Algonquin Power & Utilities has a 12 month low of $8.40 and a 12 month high of $11.34. The stock has a market cap of $4,300.00, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.32.
The firm 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 $0.1165 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.32%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 117.50%.
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About Algonquin Power & Utilities
Algonquin Power & Utilities Corp., through its subsidiaries, engages in the 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.
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