Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.11 and traded as high as C$8.45. Algonquin Power & Utilities shares last traded at C$8.42, with a volume of 1,591,861 shares traded.
Analysts Set New Price Targets
Separately, Desjardins upgraded Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research report on Monday, March 11th.
View Our Latest Stock Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Down 0.5 %
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last announced its earnings results on Friday, March 8th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.03. Algonquin Power & Utilities had a negative return on equity of 0.47% and a net margin of 1.06%. The firm had revenue of C$908.00 million for the quarter, compared to analyst estimates of C$1 billion. As a group, sell-side analysts forecast that Algonquin Power & Utilities Corp. will post 0.6970954 earnings per share for the current fiscal year.
Algonquin Power & Utilities Cuts Dividend
The firm also recently announced 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.97%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 1,475.00%.
Algonquin Power & Utilities Company Profile
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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