A Peek At What Algonquin Power & Utilities Corp. (AQN) Insiders Are Doing

Algonquin Power & Utilities Corp. (NYSE:AQN) saw an upside of 1.73% to close Tuesday at $14.68 after adding $0.25 on the day. The 5-day average trading volume is 1,665,460 shares of the company’s common stock. It has gained $14.81 in the past week. An average of 1,787,705 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,688,466.

AQN’s 1-month performance is -4.74% or -$0.67 on its low of $14.42 reached on 10/11/21. The company’s shares have touched a 52-week low of $14.42 and high of $17.86, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, AQN has lost -10.81% or -$1.78. However, the current price is down -17.81%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 40.68 and a low of 9.221. AQN stock has a beta of 0.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.49 while the price-to-book (PB) in the most recent quarter is 1.44.

Algonquin Power & Utilities Corp. pays an annual dividend of $0.68 per share. Its dividend yield is 4.63% and the payout ratio is 44.30%. AQN paid $0.1706 a share compared with prior rate of $0.1706, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.0155 reported on Monday May 10 2021. Measured over the last 3 years, the Dividend has been growing by 30.11% yearly.

It is projected that Algonquin Power & Utilities Corp.’s next ex-dividend date will be on Corp. AQN is expected to distribute $30-Dec as its next dividend.

Algonquin Power & Utilities Corp.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.60 meaning that AQN stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.22, while the total debt to equity was 1.33. In terms of profitability, the gross margin trailing 12 months is 71.00%. The trailing 12-month EBITDA margin is 40.49% while for the period ending June 29; Algonquin Power & Utilities Corp.’s operating margin was 17.90%. The firm’s gross profit as reported stood at $384.09 million against revenue of $1.68 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected AQN to announce $0.13 per share in earnings in its latest quarter, but it posted $0.15, representing a 15.40% surprise. EBITDA for the quarter stood at more than $183.57 million. AQN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 9.8 billion, with total debt at $6.73 billion

Technical Picture

Let’s look briefly at Algonquin Power & Utilities Corp. (AQN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 41.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.27%.

The stock’s 5-day moving average is $14.58, reflecting a -0.27% or -$0.04 change from its current price. AQN is currently trading -4.74% above its 20-day SMA, -5.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -8.59% and -9.61% respectively.

Stochastic %K and %D was 10.17% and 9.64% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 39.20%, while the 14-day stochastic is at 23.88% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.10 and -0.24 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Algonquin Power & Utilities Corp. (NYSE: AQN), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for AQN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate AQN as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is AQN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $14.50 and a high of $19.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Algonquin Power & Utilities Corp. (AQN) stock is $16.92.

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