Algonquin Power & Utilities Corp (NYSE: AQN) Is Getting Increasingly Hard To Ignore

Currently, there are 712.14M common shares owned by the public and among those 688.48M shares have been available to trade.

Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 144,619 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 20,000 shares.

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The company’s stock has a 5-day price change of -3.07% and 1.25% over the past three months. AQN shares are trading -10.13% year to date (YTD), with the 12-month market performance down to -23.55% lower. It has a 12-month low price of $4.90 and touched a high of $9.14 over the same period. AQN has an average intraday trading volume of 2.00 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.59%, -8.35%, and -19.03% respectively.

Institutional ownership of Algonquin Power & Utilities Corp (NYSE: AQN) shares accounts for 55.34% of the company’s 712.14M shares outstanding.

It has a market capitalization of $4.04B and a beta (3y monthly) value of 0.68. The earnings-per-share (ttm) stands at -$0.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.39% over the week and 2.95% over the month.

Analysts forecast that Algonquin Power & Utilities Corp (AQN) will achieve an EPS of $0.14 for the current quarter, $0.15 for the next quarter and $0.53 for 2024. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.22 a year ago. Earnings per share for the fiscal year are expected to decrease by -26.92%, and 6.50% over the next financial year.

Looking at the support for the AQN, a number of firms have released research notes about the stock. BMO Capital Markets stated their Outperform rating for the stock in a research note on January 08, 2024, with the firm’s price target at $7-$7.50.

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