Algonquin Power & Utilities (TSE:AQN) Reaches New 52-Week High – Still a Buy?

Posted by Editorial Team on Jan 5th, 2025

Algonquin Power & Utilities Corp. (TSE:AQN – Get Free Report)’s stock price reached a new 52-week high on Friday . The company traded as high as C$24.50 and last traded at C$6.56, with a volume of 3099361 shares changing hands. The stock had previously closed at C$6.54.

Algonquin Power & Utilities Trading Up 0.3 %

The stock has a market cap of C$5.03 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. The firm’s fifty day simple moving average is C$6.61 and its 200-day simple moving average is C$7.35.

Algonquin Power & Utilities Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.088 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 annualized dividend and a yield of 5.37%. Algonquin Power & Utilities’s payout ratio is 163.64%.

Insider Transactions at Algonquin Power & Utilities

In related news, Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. Also, Director David Levenson purchased 62,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average price of C$6.45 per share, with a total value of C$399,900.00. Corporate insiders own 0.06% of the company’s stock.

Algonquin Power & Utilities Company Profile

(Get Free Report)

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.