Algonquin Power & Utilities Corp (AQN) concluded trading on Thursday at a closing price of $6.09, with 4.74 million shares of worth about $28.87 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.71% during that period and on Thursday, January 25 the price saw a gain of about 4.28%. Currently the company’s common shares owned by public are about 712.14M shares, out of which, 688.48M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 144,619 shares in 15 of the transactions. In 1 selling transactions, insiders dumped 20,000 shares.
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Government Pension Fund – Global, Fidelity Canadian Large Cap Fund, and Vanguard Total International Stoc are the top 3 mutual funds which are holding stakes in Algonquin Power & Utilities Corp Government Pension Fund – Global is currently holding 16.46 million shares of worth totaling $104.02 million. The company recently came buying 7.76 million shares which brought its stake up to 2.39% of the company’s outstanding shares. Fidelity Canadian Large Cap Fund bought 6.5 million shares, after which its hold over company’s outstanding shares expand to 1.74%, leaving 12.0 million shares with the mutual fund that have a worth of about $75.84 million. Vanguard Total International Stoc, after buying 9.25 million shares, have now control over 1.34% of the stake in the company. It holds 0.0 shares of worth $58.49 million.
However, the stock later moved at a day high price of 6.11, or with a gain of 4.28%. Stock saw a price change of 2.35% in past 5 days and over the past one month there was a price change of -5.43%. Year-to-date (YTD), AQN shares are showing a performance of -3.64% which decreased to -16.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.90 but also hit the highest price of $9.14 during that period. The average intraday trading volume for Algonquin Power & Utilities Corp shares is 4.28 million. The stock is currently trading -3.29% below its 20-day simple moving average (SMA20), while that difference is down -1.67% for SMA50 and it goes to -15.17% lower than SMA200.
Algonquin Power & Utilities Corp (NYSE: AQN) currently have 712.14M outstanding shares and institutions hold larger chunk of about 58.96% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $4.34B and its 3Y-monthly beta is at 0.68. It has posted earnings per share of -$0.35 in the same period. It has Quick Ratio of 0.50 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AQN, volatility over the week remained 2.82% while standing at 2.84% over the month.
Analysts are in expectations that Algonquin Power & Utilities Corp (AQN) stock would likely to be making an EPS of $0.15 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.12 which is $0.18 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -26.47% while it is estimated to increase by 6.33% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BMO Capital Markets on January 08, 2024 offering an Outperform rating for the stock and assigned a target price range of between $7 and $7.50 to it.
