National Bank Financial Research Analysts Reduce Earnings Estimates for Algonquin Power & Utilities Corp (TSE:AQN)
Algonquin Power & Utilities Corp (TSE:AQN) – Analysts at National Bank Financial decreased their Q3 2019 EPS estimates for Algonquin Power & Utilities in a research note issued on Sunday, August 11th. National Bank Financial analyst R. Merer now expects that the company will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.20. National Bank Financial has a “Sector Perform” rating and a $13.00 price objective on the stock. National Bank Financial also issued estimates for Algonquin Power & Utilities’ Q4 2019 earnings at $0.20 EPS, FY2019 earnings at $0.77 EPS and FY2020 earnings at $0.78 EPS.
AQN has been the subject of a number of other research reports. BMO Capital Markets set a C$13.00 price target on shares of Algonquin Power & Utilities and gave the stock an “outperform” rating in a research note on Wednesday, June 5th. Raymond James restated a “strong-buy” rating and set a C$13.00 price target on shares of Algonquin Power & Utilities in a research note on Friday, May 10th.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.188 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Friday, September 27th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 345.79%.
About Algonquin Power & Utilities
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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