Stocks of Algonquin Power & Utilities Corp. (NYSE:AQNU) traded higher last session on Wall Street, up 1.82% to $26.84.
According to the data, Algonquin Power & Utilities Corp. (NYSE:AQNU) has 13 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $6.72, we find $8.00. Given the previous closing price of $26.36, this indicates a potential downside of -69.65 percent. AQNU stock price is now 1.18% away from the 50-day moving average and -32.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.93B.
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A total of 7 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $8.43 as their price target over the next twelve months.
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There have been several recent changes in the stakes of large investors in AQNU stock. A new stake in Algonquin Power & Utilities Corp. shares was purchased by BLACKROCK INC. during the first quarter worth $49,319,000. ADVENT CAPITAL MANAGEMENT /DE/ invested $1,074,000 in shares of AQNU during the first quarter. In the first quarter, RAYMOND JAMES & ASSOCIATES acquired a new stake in Algonquin Power & Utilities Corp. valued at approximately $181,000. B. RILEY WEALTH ADVISORS, INC. acquired a new stake in AQNU for approximately $169,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in AQNU valued at around $8,000 in the second quarter. In total, there are 62 active investors with 84.83% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $26.50 for Algonquin Power & Utilities Corp. (NYSE: AQNU). During the past 12 months, Algonquin Power & Utilities Corp. has had a low of $22.79 and a high of $50.49. The fifty day moving average price for AQNU is $26.53 and a two-hundred day moving average price translates $39.54 for the stock.
The latest earnings results from Algonquin Power & Utilities Corp. (NYSE: AQNU) was released for Jun, 2022.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 03/01/2023 were paid a $0.9688 dividend. On an annualized basis, this represents a $3.88 dividend and a 14.44% percent yield. There was an ex-dividend date of 02/28/2023 for this dividend.
Algonquin Power & Utilities Corp.(AQNU) 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. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
