Algonquin Power & Utilities (NYSE:AQN) Price Target Cut to $6.25 by Analysts at National Bankshares

Algonquin Power & Utilities (NYSE:AQN) had its target price lowered by National Bankshares from $6.75 to $6.25 in a report released on Tuesday morning,BayStreet.CA reports. National Bankshares currently has an outperform rating on the utilities provider’s stock.

Several other brokerages have also issued reports on AQN. CIBC decreased their price target on shares of Algonquin Power & Utilities from $5.75 to $5.50 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. Scotiabank decreased their price target on shares of Algonquin Power & Utilities from $5.75 to $5.25 and set a “sector perform” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set an “equal weight” rating for the company in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $7.00 price target on shares of Algonquin Power & Utilities in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.03.

Algonquin Power & Utilities Trading Up 0.4 %

NYSE:AQN opened at $4.59 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -3.56 and a beta of 0.69. Algonquin Power & Utilities has a 52 week low of $4.19 and a 52 week high of $6.79. The firm has a 50-day moving average price of $4.48 and a two-hundred day moving average price of $4.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AQN. Capstone Investment Advisors LLC bought a new position in Algonquin Power & Utilities in the 3rd quarter valued at $58,000. Walleye Capital LLC bought a new position in Algonquin Power & Utilities in the 3rd quarter valued at $59,000. SVB Wealth LLC bought a new position in Algonquin Power & Utilities in the 4th quarter valued at $49,000. Verdence Capital Advisors LLC bought a new position in Algonquin Power & Utilities in the 3rd quarter valued at $61,000. Finally, Avantax Advisory Services Inc. bought a new position in Algonquin Power & Utilities in the 4th quarter valued at $58,000. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.