Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities researchers at National Bank Financial increased their FY2017 earnings per share estimates for shares of Algonquin Power & Utilities Corp. in a research report issued on Monday. National Bank Financial analyst R. Merer now anticipates that the utilities provider will post earnings per share of $0.53 for the year, up from their prior estimate of $0.51. National Bank Financial also issued estimates for Algonquin Power & Utilities Corp.’s FY2018 earnings at $0.61 EPS.

Several other research analysts have also issued reports on AQN. Wells Fargo & Company began coverage on Algonquin Power & Utilities Corp. in a research report on Tuesday, June 20th. They set a “market perform” rating for the company. Zacks Investment Research raised Algonquin Power & Utilities Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Monday.

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Shares of Algonquin Power & Utilities Corp. (NYSE AQN) opened at 10.49 on Wednesday. The firm has a market capitalization of $4.04 billion, a PE ratio of 67.24 and a beta of 0.81. The company’s 50 day moving average price is $10.49 and its 200-day moving average price is $9.85. Algonquin Power & Utilities Corp. has a 52 week low of $7.75 and a 52 week high of $10.85.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.1165 per share. This represents a $0.47 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Thursday, September 28th. Algonquin Power & Utilities Corp.’s dividend payout ratio is currently 156.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Trexquant Investment LP bought a new position in shares of Algonquin Power & Utilities Corp. during the second quarter valued at about $119,000. Davis Rea LTD. bought a new position in shares of Algonquin Power & Utilities Corp. during the first quarter valued at about $123,000. KCG Holdings Inc. raised its position in shares of Algonquin Power & Utilities Corp. by 21.3% in the first quarter. KCG Holdings Inc. now owns 13,032 shares of the utilities provider’s stock valued at $124,000 after buying an additional 2,288 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of Algonquin Power & Utilities Corp. by 7.4% in the second quarter. Virtu KCG Holdings LLC now owns 13,997 shares of the utilities provider’s stock valued at $147,000 after buying an additional 965 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Algonquin Power & Utilities Corp. during the second quarter valued at about $161,000. 40.67% of the stock is owned by institutional investors and hedge funds.

Earnings History and Estimates for Algonquin Power & Utilities Corp. (NYSE:AQN)

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