Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) has been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$6.25.
A number of analysts recently issued reports on the company. Janney Montgomery Scott raised Algonquin Power & Utilities to a “hold” rating in a research report on Thursday, September 5th. National Bank Financial raised Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Wells Fargo & Company cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Raymond James cut shares of Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a research note on Monday, August 12th.
Read Our Latest Stock Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Up 1.2 %
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.01. The firm had revenue of C$819.06 million for the quarter, compared to analyst estimates of C$851.84 million. Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%. Research analysts expect that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.
Algonquin Power & Utilities Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend was 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.
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