Stocks of Algonquin Power & Utilities Corp. (NYSE:AQN) traded higher last session on Wall Street, down -1.64% to $7.18.
According to the data, Algonquin Power & Utilities Corp. (NYSE:AQN) has 13 analysts covering its stock. The consensus rating among analysts is ‘Hold’. AQN stock price is now 0.08% away from the 50-day moving average and -38.76% away from the 200-day moving average. The market capitalization of the company currently stands at $6.44B.
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A total of 7 analysts have issued a hold rating and 2 have given it a buy rating.
, while ‘TD Securities’ rates the stock as ‘Hold’.
A total of 0.07% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AQN stock. A new stake in Algonquin Power & Utilities Corp. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $2,358,000. NEIRG WEALTH MANAGEMENT, LLC invested $2,350,000 in shares of AQN during the first quarter. In the first quarter, ADELL HARRIMAN & CARPENTER INC acquired a new stake in Algonquin Power & Utilities Corp. valued at approximately $1,703,000. PCJ INVESTMENT COUNSEL LTD. acquired a new stake in AQN for approximately $1,077,000. PALLAS CAPITAL ADVISORS LLC purchased a new stake in AQN valued at around $996,000 in the second quarter. In total, there are 467 active investors with 47.52% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $7.22 for Algonquin Power & Utilities Corp. (NYSE: AQN). During the past 12 months, Algonquin Power & Utilities Corp. has had a low of $6.41 and a high of $16.01. As of last week, the company has a debt-to-equity ratio of 1.49, a current ratio of 0.70, and a quick ratio of 0.60. The fifty day moving average price for AQN is $7.17 and a two-hundred day moving average price translates $11.72 for the stock.
The latest earnings results from Algonquin Power & Utilities Corp. (NYSE: AQN) was released for Jun, 2022. According to the Utilities – Renewable Company, earnings per share came in at $0.16, beating analysts’ expectations of $0.15 by 0.01. This compares to -$0.05 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 0.50% for AQN. The company reported revenue of $666.72 million for the quarter, compared to $528.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.14 percent. For the current quarter, analysts expect AQN to generate $594.76M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $0.1808 dividend. On an annualized basis, this represents a $0.98 dividend and a 13.65% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, AQN is presently at 977.80%.
Algonquin Power & Utilities Corp.(AQN) Company Profile
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
