Algonquin Power & Utilities Corp (TSE:AQN)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.03 and traded as high as $18.06. Algonquin Power & Utilities shares last traded at $18.00, with a volume of 396,570 shares changing hands.
Several equities analysts have commented on the company. National Bank Financial upped their price target on Algonquin Power & Utilities from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a report on Monday, September 9th. BMO Capital Markets set a C$13.00 price target on Algonquin Power & Utilities and gave the company an “outperform” rating in a report on Wednesday, June 5th.
The firm has a fifty day simple moving average of C$17.24 and a 200 day simple moving average of C$16.03. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 91.15. The stock has a market cap of $8.82 billion and a price-to-earnings ratio of 29.19.
Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.15 EPS for the quarter, missing the consensus estimate of C$0.17 by C($0.02). The business had revenue of C$459.60 million during the quarter, compared to analysts’ expectations of C$501.26 million. On average, equities analysts expect that Algonquin Power & Utilities Corp will post 0.6901935 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.188 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.75 annualized dividend and a dividend yield of 4.20%. Algonquin Power & Utilities’s dividend payout ratio is currently 85.60%.
About Algonquin Power & Utilities (TSE:AQN)
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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