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

Algonquin Power & Utilities Corp. (TSE:AQN) Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities 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.

Algonquin Power & Utilities Stock Up 1.1 %

Shares of AQN stock traded up C$0.07 during trading hours on Monday, hitting C$6.42. 2,785,367 shares of the company were exchanged, compared to its average volume of 2,783,102. The business has a 50 day moving average of C$6.82 and a two-hundred day moving average of C$7.59. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. Algonquin Power & Utilities Corp. has a 52 week low of C$6.27 and a 52 week high of C$9.28. The company has a market capitalization of C$4.92 billion, a PE ratio of 29.41, a PEG ratio of 1.07 and a beta of 0.52.

Algonquin Power & Utilities Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.088 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is currently 163.64%.

Analyst Upgrades and Downgrades

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