Algonquin Power & Utilities (TSE:AQN) Reaches New 1-Year Low - Here's Why

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s share price hit a new 52-week low on Thursday . The stock traded as low as C$6.78 and last traded at C$6.82, with a volume of 1654704 shares trading hands. The stock had previously closed at C$6.96.

Analysts Set New Price Targets

AQN has been the subject of several research analyst reports. Raymond James lowered Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a report on Monday, August 12th. National Bank Financial raised Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 12th. Wells Fargo & Company lowered Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 12th. Finally, Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a report on Thursday, September 5th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$6.25.

Algonquin Power & Utilities Price Performance

The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. The company has a market cap of C$5.22 billion, a P/E ratio of 30.95, a P/E/G ratio of 1.07 and a beta of 0.52. The stock has a 50-day simple moving average of C$7.20 and a 200 day simple moving average of C$8.02.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last posted its earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.11 by C$0.01. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. The business had revenue of C$819.06 million during the quarter, compared to the consensus estimate of C$851.84 million. On average, equities analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.29%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently 163.64%.

Algonquin Power & Utilities Company Profile

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.