Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$24.50 and last traded at C$6.56, with a volume of 3099361 shares. The stock had previously closed at C$6.54.
Analysts Set New Price Targets
Separately, Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a research report 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. Based on data from MarketBeat, Algonquin Power & Utilities currently has a consensus rating of "Hold" and a consensus target price of C$5.50.
View Our Latest Report on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Up 0.3 %
The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. The firm's 50 day moving average is C$6.61 and its two-hundred day moving average is C$7.36. The stock has a market cap of C$5.03 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52.
Algonquin Power & Utilities Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.088 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend is Tuesday, December 31st. Algonquin Power & Utilities's dividend payout ratio (DPR) is 163.64%.
Insider Buying and Selling
In other news, Director David Levenson bought 62,000 shares of Algonquin Power & Utilities stock in a transaction on Wednesday, December 11th. The stock was purchased at an average cost of C$6.45 per share, with a total value of C$399,900.00. Also, Director Christopher Huskilson bought 25,000 shares of the firm's stock in a transaction on Friday, November 8th. The stock was purchased at an average price of C$6.65 per share, with a total value of C$166,252.50. 0.06% of the stock is owned by company insiders.
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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