Christopher Huskilson Purchases 25,000 Shares of Algonquin Power & Utilities Corp. (TSE:AQN) Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director Christopher Huskilson acquired 25,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were purchased at an average cost of C$6.65 per share, for a total transaction of C$166,252.50.

Algonquin Power & Utilities Price Performance

AQN stock traded up C$0.01 during trading on Friday, hitting C$6.67. The company had a trading volume of 1,909,000 shares, compared to its average volume of 2,784,246. The company has a fifty day moving average price of C$7.12 and a two-hundred day moving average price of C$7.93. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. The company has a market cap of C$5.12 billion, a P/E ratio of 30.27, a P/E/G ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities Corp. has a fifty-two week low of C$6.51 and a fifty-two week high of C$9.28.

Algonquin Power & Utilities (TSE:AQN) last announced its quarterly earnings results on Friday, August 9th. The company reported C$0.12 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.01. The business had revenue of C$819.06 million for the quarter, compared to analyst estimates of C$851.84 million. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. Equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.4650555 earnings per share for the current fiscal year.

Algonquin Power & Utilities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.088 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 5.28%. Algonquin Power & Utilities’s payout ratio is 163.64%.

Wall Street Analysts Forecast Growth

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

About Algonquin Power & Utilities

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.