Algonquin Power & Utilities (AQN) Given “Outperform” Rating at BMO Capital Markets

BMO Capital Markets reiterated their outperform rating on shares of Algonquin Power & Utilities (TSE:AQN) in a research report report published on Wednesday. BMO Capital Markets currently has a C$16.00 price target on the stock.

A number of other research firms have also recently issued reports on AQN. TD Securities raised their target price on Algonquin Power & Utilities from C$15.00 to C$16.00 in a research note on Tuesday, October 24th. National Bank Financial raised their target price on Algonquin Power & Utilities from C$15.50 to C$16.00 and gave the company an outperform rating in a research note on Thursday, November 16th. Raymond James Financial raised their target price on Algonquin Power & Utilities from C$15.00 to C$16.00 and gave the company a strong-buy rating in a research note on Friday, August 11th. Royal Bank Of Canada raised their target price on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the company an outperform rating in a research note on Monday, November 13th. Finally, Scotiabank reiterated an outperform rating and issued a C$15.50 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. Two 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 currently has a consensus rating of Buy and a consensus price target of C$15.33.

Shares of Algonquin Power & Utilities (TSE:AQN) opened at C$14.24 on Wednesday. Algonquin Power & Utilities has a one year low of C$11.04 and a one year high of C$14.40.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a dividend of $0.15 per share. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Thursday, December 28th. Algonquin Power & Utilities’s payout ratio is currently 123.12%.

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Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

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