Shares of Algonquin Power & Utilities Corp (TSE:AQN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.03 and traded as high as $18.06. Algonquin Power & Utilities shares last traded at $18.00, with a volume of 396,570 shares trading hands.
A number of research firms have recently weighed in on AQN. National Bank Financial increased their price target on Algonquin Power & Utilities from C$13.00 to C$13.50 and gave the company a “sector perform” rating in a research note on Monday, September 9th. BMO Capital Markets set a C$13.00 price target on Algonquin Power & Utilities and gave the company an “outperform” rating in a research note on Wednesday, June 5th.
The firm has a market cap of $8.82 billion and a price-to-earnings ratio of 29.19. The company has a current ratio of 1.03, a quick ratio of 0.61 and a debt-to-equity ratio of 91.15. The company has a 50 day moving average of C$17.24 and a 200 day moving average of C$16.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.188 per share. This represents a $0.75 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, September 27th. Algonquin Power & Utilities’s payout ratio is presently 85.60%.
Algonquin Power & Utilities Company Profile (TSE:AQN)
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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