Algonquin Power & Utilities (TSE:AQN) Reaches New 1-Year High – Time to Buy?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) reached a new 52-week high during trading on Thursday . The stock traded as high as C$24.60 and last traded at C$6.31, with a volume of 396864 shares trading hands. The stock had previously closed at C$6.41.

Algonquin Power & Utilities Stock Down 1.6 %

The stock has a market capitalization of C$4.84 billion, a P/E ratio of 28.68, a PEG ratio of 1.07 and a beta of 0.52. The stock’s fifty day moving average is C$6.58 and its two-hundred day moving average is C$7.31. The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37.

Algonquin Power & Utilities Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.088 per share. This represents a $0.35 annualized dividend and a dividend yield of 5.58%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is 163.64%.

Insider Buying and Selling

In other Algonquin Power & Utilities news, Director Dilek Samil sold 17,400 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director Christopher Huskilson acquired 25,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was acquired at an average price of C$6.65 per share, for a total transaction of C$166,252.50. 0.06% of the stock is currently owned by company insiders.

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.