Algonquin Power & Utilities (NYSE:AQN) Stock Price Breaks Below Fifty Day Moving Average - Time to Sell?

Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $5.35 and traded as low as $5.29. Algonquin Power & Utilities shares last traded at $5.3250, with a volume of 3,506,554 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on AQN. TD set a $6.00 target price on Algonquin Power & Utilities and gave the company a "hold" rating in a research note on Monday, August 31st. National Bank Financial set a $7.00 price target on Algonquin Power & Utilities and gave the stock an "outperform" rating in a research note on Tuesday, September 1st. Huntington assumed coverage on Algonquin Power & Utilities in a report on Monday, September 14th. They issued an "outperform" rating and a $7.00 price target for the company. Weiss Ratings cut Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Algonquin Power & Utilities from $6.00 to $5.75 and set a "neutral" rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Algonquin Power & Utilities has an average rating of "Hold" and an average price target of $6.59.

Algonquin Power & Utilities Stock Performance

The stock's fifty day simple moving average is $5.35 and its two-hundred day simple moving average is $5.97. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 28.03 and a beta of 0.72. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.69 and a current ratio of 0.88.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). The firm had revenue of $582.99 million for the quarter, compared to analyst estimates of $582.99 million. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%. During the same quarter in the previous year, the company earned $0.04 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.35 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0650 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.26 annualized dividend and a yield of 4.9%. Algonquin Power & Utilities's dividend payout ratio is currently 136.84%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of large investors have recently modified their holdings of AQN. Glenview Trust Co lifted its stake in shares of Algonquin Power & Utilities by 35.6% during the third quarter. Glenview Trust Co now owns 31,818 shares of the utilities provider's stock worth $160,000 after purchasing an additional 8,361 shares in the last quarter. Signaturefd LLC grew its stake in shares of Algonquin Power & Utilities by 52.5% in the third quarter. Signaturefd LLC now owns 68,917 shares of the utilities provider's stock valued at $347,000 after buying an additional 23,740 shares in the last quarter. Focused Alpha LLC grew its stake in shares of Algonquin Power & Utilities by 4.7% in the third quarter. Focused Alpha LLC now owns 50,535 shares of the utilities provider's stock valued at $254,000 after buying an additional 2,272 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Algonquin Power & Utilities by 15.0% in the third quarter. CWA Asset Management Group LLC now owns 807,139 shares of the utilities provider's stock valued at $4,060,000 after buying an additional 105,561 shares in the last quarter. Finally, Value Partners Investments Inc. raised its holdings in shares of Algonquin Power & Utilities by 16.8% during the 3rd quarter. Value Partners Investments Inc. now owns 139,788 shares of the utilities provider's stock valued at $704,000 after buying an additional 20,143 shares during the period. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company's regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.

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