Algonquin Power & Utilities Corp. (TSE:AQN) Director Buys C$399,900.00 in Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director David Levenson bought 62,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of C$6.45 per share, for a total transaction of C$399,900.00.

Algonquin Power & Utilities Stock Performance

TSE:AQN traded up C$0.12 during midday trading on Monday, reaching C$6.47. The stock had a trading volume of 857,322 shares, compared to its average volume of 2,775,090. The stock has a market capitalization of C$4.96 billion, a P/E ratio of 28.86, a PEG ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities Corp. has a 1-year low of C$6.27 and a 1-year high of C$9.28. The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37. The firm’s fifty day simple moving average is C$6.82 and its 200-day simple moving average is C$7.59.

Algonquin Power & Utilities Cuts Dividend

The firm 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. This represents a $0.35 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is currently 163.64%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott raised 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. According to MarketBeat.com, Algonquin Power & Utilities currently 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.