Algonquin Power & Utilities Corp. (TSE:AQN - Free Report) - Equities researchers at Scotiabank lowered their FY2024 earnings per share estimates for shares of Algonquin Power & Utilities in a research report issued on Wednesday, January 8th. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $0.55 per share for the year, down from their prior estimate of $0.60. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.47 per share. Scotiabank also issued estimates for Algonquin Power & Utilities' FY2025 earnings at $0.40 EPS and FY2026 earnings at $0.50 EPS.
Algonquin Power & Utilities Price Performance
Shares of TSE:AQN traded down C$0.08 during midday trading on Thursday, reaching C$6.33. 1,145,186 shares of the company were exchanged, compared to its average volume of 2,325,237. The stock has a market cap of C$4.86 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The business's fifty day moving average is C$6.57 and its two-hundred day moving average is C$7.30. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. Algonquin Power & Utilities has a one year low of C$6.12 and a one year high of C$9.28.
Insider Activity
In related news, Director Dilek Samil sold 17,400 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director Christopher Huskilson purchased 25,000 shares of the business's stock in a transaction dated Friday, November 8th. The stock was bought at an average price of C$6.65 per share, for a total transaction of C$166,252.50. Corporate insiders own 0.06% of the company's stock.
Algonquin Power & Utilities Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.088 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 annualized dividend and a dividend yield of 5.56%. Algonquin Power & Utilities's dividend payout ratio (DPR) is 163.64%.
About Algonquin Power & Utilities
(
Get Free Report)
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.
Further Reading
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
