Summary Highlights:
- Algonquin Power & Utilities (AQN, Financial) maintains a quarterly dividend of $0.065 per share.
- Analysts set the average price target for AQN at $5.42, slightly below its current market price.
- GuruFocus projects a GF Value estimate of $5.74, indicating potential upside.
Algonquin Power & Utilities (AQN) has announced its decision to uphold its quarterly dividend at $0.065 per share, which translates to a forward yield of 4.76%. This dividend is scheduled to be disbursed on July 15, with the record and ex-dividend dates both falling on June 30.
Wall Street Analysts Forecast
Delving into the projections from nine analysts over the next year, Algonquin Power & Utilities Corp (AQN, Financial) is set with an average target price of $5.42. The highest projection stands at $6.25, while the lowest is $4.75. These estimates indicate a downside of 0.79% from its current trading price of $5.46. For more detailed insights, visit the Algonquin Power & Utilities Corp (AQN) Forecast page.
Turning to brokerage firm recommendations, Algonquin Power & Utilities Corp (AQN, Financial) holds an average rating of 2.8 from 10 firms, suggesting a "Hold" position. The rating spectrum ranges from 1 to 5, with 1 indicating a Strong Buy and 5 signaling a Sell.
Evaluating GF Value Estimate
According to estimates from GuruFocus, the GF Value for Algonquin Power & Utilities Corp (AQN, Financial) stands at $5.74 for the next year. This projects a potential upside of 5.13% relative to the current price of $5.46. The GF Value metric reflects GuruFocus' assessment of what the stock's fair value should be, taking into account historical trading multiples, past business growth, and anticipated future performance. For comprehensive data, explore the Algonquin Power & Utilities Corp (AQN) Summary page.
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