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

Algonquin Power & Utilities Corp. (TSE:AQN) 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.

Algonquin Power & Utilities Stock Up 1.1 %

AQN opened at C$6.42 on Tuesday. The company has a market capitalization of C$4.92 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. 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 Corp. has a fifty-two week low of C$6.27 and a fifty-two week high of C$9.28. The business has a 50-day moving average of C$6.80 and a 200-day moving average of C$7.57.

Algonquin Power & Utilities Cuts Dividend

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

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Algonquin Power & Utilities to a “hold” rating in a research note on Thursday, September 5th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, Algonquin Power & Utilities has a consensus rating of “Hold” and a consensus price target of C$5.50.

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.