Algonquin Power & Utilities (TSE:AQN) Hits New 12-Month High – Should You Buy?

Shares of Algonquin Power & Utilities Corp. (TSE:AQN) reached a new 52-week high on Thursday . The stock 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 Stock Performance

The stock has a market cap of C$4.86 billion, a price-to-earnings ratio of 28.77, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48. The firm has a fifty day simple moving average of C$6.49 and a 200-day simple moving average of C$7.17.

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

Algonquin Power & Utilities Cuts Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Tuesday, December 31st. Algonquin Power & Utilities’s payout ratio is 163.64%.

Insider Activity

In other news, Director Dilek Samil sold 17,400 shares of the company’s stock in a transaction dated 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 acquired 62,000 shares of Algonquin Power & Utilities stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of C$6.45 per share, for a total transaction of C$399,900.00. 0.06% of the stock is currently owned by company insiders.

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.