Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) Director Christopher Huskilson acquired 25,000 shares of the stock in a transaction that occurred 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.
Algonquin Power & Utilities Trading Up 0.2 %
TSE:AQN opened at C$6.67 on Friday. The company's 50 day moving average is C$7.11 and its 200-day moving average is C$7.91. 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 Corp. has a 12 month low of C$6.51 and a 12 month high of C$9.28. The firm has a market cap of C$5.12 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.07 and a beta of 0.52.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced 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. The firm had revenue of C$819.06 million for the quarter, compared to the consensus estimate of C$851.84 million. Algonquin Power & Utilities had a net margin of 4.70% and a return on equity of 0.24%. Equities analysts anticipate that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.
Algonquin Power & Utilities Cuts Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Tuesday, December 31st. Algonquin Power & Utilities's dividend payout ratio (DPR) is currently 163.64%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. 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. Janney Montgomery Scott raised Algonquin Power & Utilities to a "hold" rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company downgraded Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a report on Monday, August 12th. Five research 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 presently has a consensus rating of "Hold" and an average target price of C$6.25.
Check Out Our Latest Stock Report on AQN
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.
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