Algonquin Power & Utilities (TSE:AQN) Hits New 12-Month High – What’s Next?

Algonquin Power & Utilities Corp. (TSE:AQN) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$24.66 and last traded at C$6.37, with a volume of 2692873 shares trading hands. The stock had previously closed at C$6.34.

Algonquin Power & Utilities Stock Up 0.5 %

The company has a market capitalization of C$4.89 billion, a P/E ratio of 28.95, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a 50-day moving average of C$6.50 and a two-hundred day moving average of C$7.19. 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 (TSE:AQN) last released its earnings results on Thursday, November 7th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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%. During the same quarter in the previous year, the company earned $0.15 earnings per share. On average, research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current year.

Algonquin Power & Utilities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.088 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.35 annualized dividend and a dividend yield of 5.53%. Algonquin Power & Utilities’s payout ratio is 163.64%.

Insider Buying and Selling

In other Algonquin Power & Utilities news, Director Christopher Huskilson acquired 25,000 shares of the business’s stock in a transaction dated 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. Also, Director Dilek Samil sold 17,400 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. 0.06% of the stock is currently owned by company insiders.

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.