Algonquin Power & Utilities (TSE:AQN) Hits New 1-Year High – Time to Buy?

Algonquin Power & Utilities Corp. (TSE:AQN)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as C$24.66 and last traded at C$6.37, with a volume of 2692873 shares traded. The stock had previously closed at C$6.34.

Algonquin Power & Utilities Trading Up 0.5 %

The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. The firm has a market cap of C$4.89 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.07 and a beta of 0.52. The firm has a 50 day simple moving average of C$6.50 and a 200 day simple moving average of C$7.19.

Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.10 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.01). Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. During the same quarter in the prior year, the firm posted $0.15 earnings per share. On average, equities research analysts predict that Algonquin Power & Utilities Corp. will post 0.4650555 EPS for the current fiscal year.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.088 per share. This represents a $0.35 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Tuesday, December 31st. Algonquin Power & Utilities’s payout ratio is currently 163.64%.

Insider Transactions at Algonquin Power & Utilities

In other Algonquin Power & Utilities news, 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 value of C$112,421.40. Also, Director David Levenson purchased 62,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average price of C$6.45 per share, with a total value of C$399,900.00. Company insiders own 0.06% of the company’s stock.

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.