Algonquin Power & Utilities Corp (TSE:AQN) Senior Officer Ian Edward Robertson sold 277,594 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of C$15.00, for a total transaction of C$4,163,271.53. Following the transaction, the insider now owns 1,318,021 shares of the company’s stock, valued at C$19,767,283.55.

Shares of TSE:AQN opened at C$14.96 on Friday. The firm has a market cap of $7.30 billion and a PE ratio of 39.37. The company has a debt-to-equity ratio of 82.62, a current ratio of 0.99 and a quick ratio of 0.59. Algonquin Power & Utilities Corp has a 52-week low of C$12.18 and a 52-week high of C$15.16.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.169 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.68 annualized dividend and a dividend yield of 4.52%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 131.87%.

Several research analysts have commented on AQN shares. JPMorgan Chase & Co. boosted their price objective on shares of Algonquin Power & Utilities from C$13.00 to C$14.00 in a research report on Monday, March 4th. BMO Capital Markets restated an “outperform” rating and set a C$12.50 price objective on shares of Algonquin Power & Utilities in a research report on Wednesday, December 5th. Finally, National Bank Financial boosted their price objective on shares of Algonquin Power & Utilities from C$11.00 to C$11.50 and gave the company a “sector perform” rating in a research report on Tuesday, February 19th.

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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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