Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$23.62 and last traded at C$6.63, with a volume of 1106624 shares changing hands. The stock had previously closed at C$6.63.
Wall Street Analysts Forecast Growth
AQN has been the subject of several recent analyst reports. Raymond James cut Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a research note on Monday, August 12th. Wells Fargo & Company downgraded shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 12th. Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a "hold" rating in a research report on Thursday, September 5th. Finally, National Bank Financial raised shares of Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 12th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Algonquin Power & Utilities presently has a consensus rating of "Hold" and an average target price of C$5.50.
View Our Latest Report on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Performance
The company has a market cap of C$5.09 billion, a PE ratio of 30.18, a PEG ratio of 1.07 and a beta of 0.52. The stock has a 50 day simple moving average of C$6.91 and a two-hundred day simple moving average of C$7.69. The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37.
Algonquin Power & Utilities Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.088 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 5.30%. Algonquin Power & Utilities's dividend payout ratio (DPR) is 163.64%.
Insiders Place Their Bets
In related news, Director Christopher Huskilson bought 25,000 shares of the stock in a transaction on Friday, November 8th. The shares were bought at an average cost of C$6.65 per share, for a total transaction of C$166,252.50. 0.06% of the stock is currently owned by insiders.
Algonquin Power & Utilities Company Profile
(
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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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