Insider Selling: Algonquin Power & Utilities Corp. (TSE:AQN) Director Sells 17,400 Shares of Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director Dilek Samil sold 17,400 shares of the stock in a transaction 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.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock opened at C$6.40 on Wednesday. The firm has a market capitalization of C$4.91 billion, a price-to-earnings ratio of 29.09, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The company has a 50 day moving average price of C$6.78 and a 200 day moving average price of C$7.56. Algonquin Power & Utilities Corp. has a one year low of C$6.27 and a one year high of C$9.28. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97.

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 given a $0.088 dividend. This represents a $0.35 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 163.64%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded Algonquin Power & Utilities to a “hold” rating in a research report 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. According to data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of “Hold” and a consensus price target of C$5.50.

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.