Shares of Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$22.90 and last traded at C$7.99, with a volume of 387760 shares. The stock had previously closed at C$7.94.
Analyst Ratings Changes
Separately, Desjardins raised Algonquin Power & Utilities from a “sell” rating to a “hold” rating in a research note on Monday, March 11th.
Check Out Our Latest Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Stock Performance
Algonquin Power & Utilities (TSE:AQN – Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The company reported C$0.22 EPS for the quarter, beating analysts’ consensus estimates of C$0.19 by C$0.03. The business had revenue of C$908.00 million for the quarter, compared to analyst estimates 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, equities research analysts anticipate that Algonquin Power & Utilities Corp. will post 0.6970954 earnings per share for the current year.
Algonquin Power & Utilities Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.294 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 14.61%. The ex-dividend date of this dividend was Wednesday, March 27th. Algonquin Power & Utilities’s dividend payout ratio is presently 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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