Algonquin Power & Utilities (TSE:AQN) Reaches New 1-Year Low – Here’s What Happened

Algonquin Power & Utilities Corp. (TSE:AQN) shares reached a new 52-week low on Monday . The company traded as low as C$6.03 and last traded at C$6.14, with a volume of 1155091 shares traded. The stock had previously closed at C$6.18.

Algonquin Power & Utilities Stock Down 1.4 %

The stock has a market capitalization of C$4.70 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. The business’s 50-day moving average is C$6.54 and its two-hundred day moving average is C$7.25.

Algonquin Power & Utilities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.088 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.74%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 163.64%.

Insider Activity at Algonquin Power & Utilities

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

About Algonquin Power & Utilities

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.