Algonquin Power & Utilities (TSE:AQN) Hits New 1-Year Low – Should You Sell?

Algonquin Power & Utilities Corp. (TSE:AQN)’s stock price reached a new 52-week low on Monday . The stock traded as low as C$6.03 and last traded at C$6.14, with a volume of 1155091 shares. The stock had previously closed at C$6.18.

Algonquin Power & Utilities Price Performance

The company has a 50 day moving average price of C$6.56 and a 200-day moving average price of C$7.28. The company has a market cap of C$4.74 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 1.07 and a beta of 0.52. The company has a quick ratio of 0.37, a current ratio of 0.97 and a debt-to-equity ratio of 108.48.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.088 dividend. This represents a $0.35 annualized dividend and a yield of 5.70%. The ex-dividend date is Tuesday, December 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 163.64%.

Insider Activity

In related news, Director Dilek Samil sold 17,400 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$6.46, for a total transaction of C$112,421.40. Also, Director Christopher Huskilson purchased 25,000 shares of Algonquin Power & Utilities stock in a transaction on Friday, November 8th. The stock was bought at an average price of C$6.65 per share, for a total transaction of C$166,252.50. Insiders own 0.06% of the company’s stock.

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.