David James Pasieka Sells 18,500 Shares of Algonquin Power & Utilities Corp (AQN) Stock
Algonquin Power & Utilities Corp (TSE:AQN) insider David James Pasieka sold 18,500 shares of Algonquin Power & Utilities stock in a transaction on Friday, December 21st. The shares were sold at an average price of C$13.95, for a total transaction of C$258,019.50. Following the completion of the sale, the insider now directly owns 314,972 shares of the company’s stock, valued at C$4,392,914.48.
Algonquin Power & Utilities stock opened at C$14.04 on Friday. Algonquin Power & Utilities Corp has a fifty-two week low of C$12.18 and a fifty-two week high of C$14.68. The company has a debt-to-equity ratio of 100.37, a quick ratio of 0.70 and a current ratio of 1.17.
Algonquin Power & Utilities (TSE:AQN) last released its quarterly earnings results on Thursday, November 8th. The company reported C$0.14 earnings per share for the quarter, topping the consensus estimate of C$0.13 by C$0.01. The firm had revenue of C$479.03 million for the quarter, compared to analysts’ expectations of C$468.37 million. On average, equities research analysts expect that Algonquin Power & Utilities Corp will post 0.64 earnings per share for the current year.
AQN has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and set a C$12.50 target price on shares of Algonquin Power & Utilities in a research report on Wednesday, December 5th. National Bank Financial downgraded shares of Algonquin Power & Utilities from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$15.04.
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About Algonquin Power & Utilities
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. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.
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