Algonquin Power & Utilities (TSE:AQN) Sets New 52-Week High – Should You Buy?

Algonquin Power & Utilities Corp. (TSE:AQN) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$24.60 and last traded at C$6.31, with a volume of 396864 shares trading hands. The stock had previously closed at C$6.41.

Algonquin Power & Utilities Trading Down 1.6 %

The company has a debt-to-equity ratio of 108.48, a current ratio of 0.97 and a quick ratio of 0.37. The firm has a market cap of C$4.84 billion, a P/E ratio of 28.68, a PEG ratio of 1.07 and a beta of 0.52. The company’s 50 day moving average is C$6.58 and its two-hundred day moving average is C$7.31.

Algonquin Power & Utilities Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.088 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.58%. Algonquin Power & Utilities’s dividend payout ratio is currently 163.64%.

Insider Activity at Algonquin Power & Utilities

In related news, Director David Levenson acquired 62,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were bought at an average cost of C$6.45 per share, for a total transaction of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total value of C$112,421.40. 0.06% of the stock is currently owned by corporate insiders.

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.