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.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a dividend of $0.337 per share. The ex-dividend date was Friday, December 28th. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.17. This represents a $1.35 annualized dividend and a yield of 9.60%. Algonquin Power & Utilities’s payout ratio is 426.83%.

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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