Algonquin Power & Utilities (NYSE:AQN) issued its quarterly earnings data on Thursday. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.03), MarketWatch Earnings reports. Algonquin Power & Utilities had a net margin of 11.23% and a return on equity of 9.35%. The company had revenue of $477.23 million during the quarter, compared to analysts’ expectations of $498.08 million.
Shares of NYSE:AQN traded up $0.04 on Friday, hitting $11.38. The company had a trading volume of 585,956 shares, compared to its average volume of 283,671. The company has a quick ratio of 0.79, a current ratio of 0.99 and a debt-to-equity ratio of 0.95. Algonquin Power & Utilities has a 52-week low of $9.45 and a 52-week high of $11.60. The company has a market capitalization of $5.56 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.13 and a beta of 0.74.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.128 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.51 annualized dividend and a dividend yield of 4.50%. Algonquin Power & Utilities’s dividend payout ratio is currently 77.27%.
AQN has been the topic of several recent research reports. TheStreet upgraded Algonquin Power & Utilities from a “d” rating to a “b” rating in a research report on Wednesday. TD Securities upped their price objective on Algonquin Power & Utilities from $12.00 to $12.50 and gave the company a “buy” rating in a research report on Monday, March 4th. Desjardins restated a “buy” rating and issued a $13.00 price objective on shares of Algonquin Power & Utilities in a research report on Tuesday, April 23rd. Zacks Investment Research upgraded Algonquin Power & Utilities from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, February 13th. Finally, Canaccord Genuity downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $12.13.
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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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