Algonquin Power & Utilities Corp. (TSE:AQN – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.80 and traded as high as C$12.31. Algonquin Power & Utilities shares last traded at C$11.61, with a volume of 3,542,446 shares traded.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Algonquin Power & Utilities from C$11.00 to C$12.00 in a research note on Tuesday, April 18th. National Bankshares cut their price target on Algonquin Power & Utilities from C$11.00 to C$10.00 in a report on Tuesday, March 7th. Finally, Desjardins cut Algonquin Power & Utilities from a “hold” rating to a “sell” rating and set a C$7.00 price target for the company. in a report on Friday, January 13th.
Algonquin Power & Utilities Trading Down 2.7 %
The stock has a market cap of C$7.99 billion, a PE ratio of -26.39, a PEG ratio of 1.07 and a beta of 0.27. The company has a debt-to-equity ratio of 106.37, a quick ratio of 0.37 and a current ratio of 0.71. The stock has a fifty day moving average price of C$11.19 and a 200 day moving average price of C$10.80.
Algonquin Power & Utilities Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were given a dividend of $0.298 per share. The ex-dividend date was Thursday, March 30th. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.25. This represents a $1.19 dividend on an annualized basis and a yield of 10.27%. Algonquin Power & Utilities’s payout ratio is -131.82%.
About Algonquin Power & Utilities
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda.
- Thinking Of Buying The Dip On JD.com? Consider This First
- Wynn Resorts: A Winning Bet for 2023
- A Royally Good Time To Buy The Walt Disney Company
- 3 Surprising Stocks Leading Growth Over Value
- Copa Holdings Is Looking For A Comeback, Its Dividend Agrees
Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.