Algonquin Power & Utilities (AQN) Receiving Somewhat Positive Media Coverage, Study Shows

Media stories about Algonquin Power & Utilities (NYSE:AQN) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Algonquin Power & Utilities earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 47.3391632606719 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of AQN stock opened at $9.70 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.88 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $4,209.72, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. Algonquin Power & Utilities has a fifty-two week low of $9.39 and a fifty-two week high of $11.34.

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Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The firm had revenue of $412.14 million during the quarter, compared to analysts’ expectations of $414.67 million. Algonquin Power & Utilities had a net margin of 9.82% and a return on equity of 8.36%. research analysts predict that Algonquin Power & Utilities will post 0.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Thursday, March 29th were issued a $0.116 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Wednesday, March 28th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 81.03%.

A number of equities research analysts have weighed in on AQN shares. Zacks Investment Research upgraded shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, January 12th. ValuEngine cut shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th.

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Algonquin Power & Utilities Company Profile

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.

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