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.

COPYRIGHT VIOLATION NOTICE: “Algonquin Power & Utilities Corp (AQN) Senior Officer Sells C$4,163,271.53 in Stock” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at

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.

Further Reading: What is a good rate of return for a mutual fund?

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with's FREE daily email newsletter.