Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) Director David Levenson acquired 62,000 shares of Algonquin Power & Utilities stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of C$6.45 per share, for a total transaction of C$399,900.00.
Algonquin Power & Utilities Price Performance
AQN traded up C$0.07 during midday trading on Monday, reaching C$6.42. 2,785,367 shares of the company's stock were exchanged, compared to its average volume of 2,783,102. Algonquin Power & Utilities Corp. has a one year low of C$6.27 and a one year high of C$9.28. The firm has a market capitalization of C$4.92 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The business has a 50-day simple moving average of C$6.82 and a two-hundred day simple moving average of C$7.59. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48.
Algonquin Power & Utilities Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.088 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 5.48%. Algonquin Power & Utilities's dividend payout ratio is 163.64%.
Wall Street Analysts Forecast Growth
Separately, Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a research note on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$5.50.
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About Algonquin Power & Utilities
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Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
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