Algonquin Power & Utilities (TSE:AQN) Stock Passes Above Two Hundred Day Moving Average of $8.18

Algonquin Power & Utilities Corp. (TSE:AQNGet Free Report)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$8.18 and traded as high as C$8.57. Algonquin Power & Utilities shares last traded at C$8.56, with a volume of 1,799,157 shares changing hands.

Analyst Ratings Changes

Separately, Desjardins upgraded 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 Price Performance

The stock has a 50 day moving average of C$8.08 and a two-hundred day moving average of C$8.18. The company has a debt-to-equity ratio of 123.16, a quick ratio of 0.37 and a current ratio of 0.63. The firm has a market capitalization of C$5.90 billion, a P/E ratio of 214.00, a P/E/G ratio of 1.07 and a beta of 0.45.

Algonquin Power & Utilities Cuts Dividend

The business 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. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.74%. The ex-dividend date of this dividend is Wednesday, March 27th. Algonquin Power & Utilities’s payout ratio is 1,475.00%.

Algonquin Power & Utilities Company Profile

(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.

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