Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as C$22.90 and last traded at C$7.99, with a volume of 387760 shares traded. The stock had previously closed at C$7.94.
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.
Get Our Latest Stock Report on AQN
Algonquin Power & Utilities Stock Performance
The firm has a fifty day moving average price of C$8.16 and a 200 day moving average price of C$8.09. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 123.16. The firm has a market cap of C$5.55 billion, a PE ratio of 201.25, a price-to-earnings-growth ratio of 1.07 and a beta of 0.45.
Algonquin Power & Utilities (TSE:AQN - Get Free Report) last issued its earnings results on Friday, March 8th. The company reported C$0.22 EPS for the quarter, topping analysts' consensus estimates of C$0.19 by C$0.03. The company had revenue of C$908.00 million for the quarter, compared to the consensus estimate of C$1 billion. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. As a group, equities research analysts expect that Algonquin Power & Utilities Corp. will post 0.6970954 earnings per share for the current fiscal year.
Algonquin Power & Utilities Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.294 per share. This represents a $1.18 annualized dividend and a dividend yield of 14.61%. The ex-dividend date was Wednesday, March 27th. Algonquin Power & Utilities's payout ratio is presently 1,475.00%.
About Algonquin Power & Utilities
(
Get Free Report)
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.
Further Reading
Before you consider Algonquin Power & Utilities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Algonquin Power & Utilities wasn't on the list.
While Algonquin Power & Utilities currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
