Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.11 and traded as high as C$8.45. Algonquin Power & Utilities shares last traded at C$8.42, with a volume of 1,591,861 shares.
Analysts Set New Price Targets
Separately, Desjardins upgraded shares of Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a report on Monday, March 11th.
View Our Latest Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Price Performance
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The company reported C$0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.03. The firm had revenue of C$908.00 million during the quarter, compared to analysts’ expectations of C$1 billion. Algonquin Power & Utilities had a net margin of 1.06% and a negative return on equity of 0.47%. On average, research analysts forecast that Algonquin Power & Utilities Corp. will post 0.6970954 EPS for the current year.
Algonquin Power & Utilities Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.294 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.97%. The ex-dividend date was Wednesday, March 27th. Algonquin Power & Utilities’s payout ratio is currently 1,475.00%.
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.
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