Algonquin Power & Utilities Corp (NYSE:AQN) reached a new 52-week high during trading on Thursday . The stock traded as high as $13.62 and last traded at $13.61, with a volume of 5359 shares trading hands. The stock had previously closed at $13.46.

Several research analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Algonquin Power & Utilities from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. CIBC reissued an “average” rating and issued a $13.50 price objective on shares of Algonquin Power & Utilities in a research note on Monday, August 12th. Zacks Investment Research lowered shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Monday, July 29th. TD Securities raised their price objective on shares of Algonquin Power & Utilities from $14.00 to $14.50 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Raymond James reissued a “strong-buy” rating and issued a $15.00 price objective on shares of Algonquin Power & Utilities in a research note on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $13.11.

The company’s 50 day moving average price is $13.00 and its 200 day moving average price is $12.05. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.03 and a quick ratio of 0.83. The firm has a market cap of $6.68 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $343.58 million during the quarter, compared to analysts’ expectations of $372.40 million. Algonquin Power & Utilities had a net margin of 21.46% and a return on equity of 7.57%. Sell-side analysts expect that Algonquin Power & Utilities Corp will post 0.63 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.142 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.57 annualized dividend and a yield of 4.18%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 84.85%.

A number of large investors have recently modified their holdings of AQN. Winslow Evans & Crocker Inc. acquired a new stake in Algonquin Power & Utilities in the second quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC acquired a new stake in Algonquin Power & Utilities in the second quarter valued at approximately $34,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Algonquin Power & Utilities by 1,049.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,334 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 3,957 shares in the last quarter. Comerica Bank raised its holdings in Algonquin Power & Utilities by 9.6% in the first quarter. Comerica Bank now owns 10,978 shares of the utilities provider’s stock valued at $126,000 after acquiring an additional 963 shares in the last quarter. Finally, Csenge Advisory Group acquired a new stake in Algonquin Power & Utilities in the second quarter valued at approximately $146,000. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Company Profile (NYSE:AQN)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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