Christopher Huskilson Purchases 29,260 Shares of Algonquin Power & Utilities Corp. (TSE:AQN) Stock

Algonquin Power & Utilities Corp. (TSE:AQNGet Rating) Director Christopher Huskilson purchased 29,260 shares of Algonquin Power & Utilities stock in a transaction dated Wednesday, November 23rd. The stock was bought at an average price of C$10.11 per share, for a total transaction of C$295,938.57. Following the completion of the transaction, the director now directly owns 100,000 shares in the company, valued at C$1,011,410.

Christopher Huskilson also recently made the following trade(s):

  • On Monday, November 14th, Christopher Huskilson purchased 17,000 shares of Algonquin Power & Utilities stock. The stock was bought at an average price of C$11.63 per share, for a total transaction of C$197,667.50.

Algonquin Power & Utilities Stock Down 0.8 %

Shares of AQN traded down C$0.08 during midday trading on Thursday, hitting C$10.17. The stock had a trading volume of 771,878 shares, compared to its average volume of 2,663,735. The company has a 50 day simple moving average of C$14.45 and a two-hundred day simple moving average of C$16.71. Algonquin Power & Utilities Corp. has a twelve month low of C$9.89 and a twelve month high of C$20.19. The firm has a market cap of C$6.95 billion and a price-to-earnings ratio of 113.89. The company has a debt-to-equity ratio of 110.26, a current ratio of 0.72 and a quick ratio of 0.37.

Algonquin Power & Utilities Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a $0.246 dividend. This represents a $0.98 annualized dividend and a dividend yield of 9.68%. The ex-dividend date of this dividend is Thursday, December 29th. Algonquin Power & Utilities’s payout ratio is 780.89%.

Wall Street Analysts Forecast Growth

AQN has been the topic of several recent research reports. National Bankshares reduced their price target on Algonquin Power & Utilities from C$14.25 to C$13.50 in a research report on Friday, November 11th. Desjardins downgraded Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Sunday, November 13th. JPMorgan Chase & Co. raised their price objective on Algonquin Power & Utilities from C$20.00 to C$21.00 in a research note on Tuesday, August 23rd. Finally, National Bank Financial downgraded Algonquin Power & Utilities from an “outperform” rating to a “sector perform” rating in a research note on Sunday, November 13th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$19.90.

Algonquin Power & Utilities Company Profile

(Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda.

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