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Sunday, April 2, 2023

An Evaluation Of Algonquin Power & Utilities Corp. (NYSE: AQN) Prospects

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Algonquin Power & Utilities Corp. (AQN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.17, or 2.21%, to $7.85. The Algonquin Power & Utilities Corp. has recorded 18,959 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Algonquin Power & Utilities Corp. Announces Date for Fourth Quarter and Full Year 2022 Financial Results and Conference Call.

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Stocks Info

Algonquin Power & Utilities Corp. is listed on the NYSE as a member of the Utilities sector and is a part of the Utilities – Renewable industry. At the end of the last regular session, the stock closed at $7.68 and fluctuated between $7.82 as its day high and $7.59 as its day low. The current market capitalization of Algonquin Power & Utilities Corp. is $6.87B. A total of 3.87 million shares were traded on the day, compared to an average of 6.15M shares.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Algonquin Power & Utilities Corp. pays an annual dividend of $0.98, resulting in a dividend yield of 12.76%, and it has a price to earnings (P/E) ratio of 114.63. AQN’s most recent ex-dividend date was 12/29/2022 when it declared a $0.1810 quarterly dividend that was paid in cash on 1/13/2023. Previously, the company paid the dividend on 10/14/2022 with an ex-dividend date of 9/28/2022. The AQN stock dividend was $0.1808 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AQN in the last 3 months, the mean price target is $8.58 with high estimates of $11.00 and low estimates of $6.61. In terms of 52-week highs and lows, AQN has a high of $16.01 and a low of $6.41.

As of this writing, AQN has an earnings estimate of $0.24 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.57 per share and a lower estimate of $0.18. The company reported an EPS of $0.16 in the last quarter, which was 6.70% higher than expectations of $0.15.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 13 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AQN is Hold with a score of 3.33. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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