Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$22.90 and last traded at C$8.32, with a volume of 2035104 shares. The stock had previously closed at C$8.61.
Analysts Set New Price Targets
Separately, Desjardins upgraded shares of Algonquin Power & Utilities from a "sell" rating to a "hold" rating in a report on Monday, March 11th.
Read Our Latest Stock Report on AQN
Algonquin Power & Utilities Trading Down 3.4 %
The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 123.16. The company has a market cap of C$5.74 billion, a P/E ratio of 208.00, a PEG ratio of 1.07 and a beta of 0.45. The firm's 50 day moving average is C$8.14 and its two-hundred day moving average is C$8.11.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The company reported C$0.22 earnings per share for the quarter, topping the consensus estimate of C$0.19 by C$0.03. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. The company had revenue of C$908.00 million for the quarter, compared to analysts' expectations of C$1 billion. As a group, equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.6970954 EPS for the current year.
Algonquin Power & Utilities Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a $0.294 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.18 annualized dividend and a dividend yield of 14.13%. Algonquin Power & Utilities's dividend payout ratio is 1,475.00%.
About Algonquin Power & Utilities
(
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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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