Dilek Samil Sells 17,400 Shares of Algonquin Power & Utilities Corp. (TSE:AQN) Stock

Algonquin Power & Utilities Corp. (TSE:AQN) Director Dilek Samil sold 17,400 shares of Algonquin Power & Utilities 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 Price Performance

AQN stock opened at C$6.40 on Wednesday. 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 stock’s 50 day moving average price is C$6.78 and its 200 day moving average price is C$7.56. The firm has a market cap of C$4.91 billion, a P/E ratio of 29.09, a PEG ratio of 1.07 and a beta of 0.52. Algonquin Power & Utilities Corp. has a 1 year low of C$6.27 and a 1 year high of C$9.28.

Algonquin Power & Utilities Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.088 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s payout ratio is currently 163.64%.

Analysts Set New Price Targets

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

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.