Algonquin Power & Utilities (TSE:AQN) Given New C$13.00 Price Target at National Bank Financial
Algonquin Power & Utilities (TSE:AQN) had its price objective upped by National Bank Financial from C$12.50 to C$13.00 in a report released on Wednesday, BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.
Other analysts have also issued reports about the company. Raymond James reaffirmed a buy rating on shares of Canadian Natural Resources in a research note on Friday, May 10th. BMO Capital Markets lifted their price target on Dollarama from C$35.00 to C$45.00 and gave the company a market perform rating in a research note on Wednesday, June 5th.
TSE:AQN traded up C$0.01 during trading hours on Wednesday, hitting C$16.24. The company’s stock had a trading volume of 850,434 shares, compared to its average volume of 1,108,612. The stock has a fifty day simple moving average of C$16.08. The stock has a market capitalization of $8.00 billion and a P/E ratio of 37.77. The company has a debt-to-equity ratio of 91.63, a current ratio of 1.29 and a quick ratio of 0.83. Algonquin Power & Utilities has a twelve month low of C$12.46 and a twelve month high of C$16.60.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.68%. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, June 27th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 119.26%.
Algonquin Power & Utilities Company Profile
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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