Algonquin Power & Utilities (TSE:AQN) Sets New 12-Month Low – Should You Sell?

Algonquin Power & Utilities Corp. (TSE:AQN) shares reached a new 52-week low on Wednesday . The stock traded as low as C$6.42 and last traded at C$6.45, with a volume of 1661276 shares. The stock had previously closed at C$6.59.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised Algonquin Power & Utilities to a “hold” rating in a research note on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of “Hold” and a consensus target price of C$5.50.

Algonquin Power & Utilities Stock Performance

The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48. The stock has a market cap of C$4.94 billion, a price-to-earnings ratio of 29.95, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a 50 day simple moving average of C$6.88 and a 200 day simple moving average of C$7.65.

Algonquin Power & Utilities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.088 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is currently 163.64%.

Insider Activity

In other news, Director Christopher Huskilson acquired 25,000 shares of the stock in a transaction dated Friday, November 8th. The stock was bought at an average price of C$6.65 per share, with a total value of C$166,252.50. 0.06% of the stock is currently owned by 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.