Algonquin Power & Utilities Corp. (TSE:AQN – Get Rating) – Stock analysts at Raymond James cut their Q4 2022 earnings estimates for shares of Algonquin Power & Utilities in a report released on Friday, August 12th. Raymond James analyst D. Quezada now forecasts that the company will post earnings of $0.28 per share for the quarter, down from their previous forecast of $0.30. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $1.03 per share.
Several other research analysts have also weighed in on AQN. National Bank Financial lowered shares of Algonquin Power & Utilities from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research note on Tuesday, May 3rd. National Bankshares downgraded shares of Algonquin Power & Utilities to a “hold” rating in a report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$19.67.
Algonquin Power & Utilities Stock Down 0.5 %
Insider Buying and Selling at Algonquin Power & Utilities
In other Algonquin Power & Utilities news, Senior Officer Jennifer Sara Tindale sold 7,500 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of C$18.58, for a total value of C$139,350.00. Following the completion of the sale, the insider now owns 31,507 shares of the company’s stock, valued at approximately C$585,400.06.
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, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.
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