Algonquin Power & Utilities Corp. (TSE:AQN) Director Dilek Samil Sells 17,400 Shares

Algonquin Power & Utilities Corp. (TSE:AQN) Director Dilek Samil sold 17,400 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40.

Algonquin Power & Utilities Trading Down 2.7 %

TSE:AQN opened at C$6.23 on Thursday. Algonquin Power & Utilities Corp. has a 1 year low of C$6.23 and a 1 year high of C$9.28. The stock has a market cap of C$4.78 billion, a P/E ratio of 28.32, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. The stock has a 50-day simple moving average of C$6.76 and a 200-day simple moving average of C$7.55.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 163.64%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities to a “hold” rating in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$5.50.

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.