With over 7.73 million Algonquin Power & Utilities Corp. (AQN) shares trading Tuesday and a closing price of $7.30 on the day, the dollar volume was approximately $56.46 million. The shares have shown a negative half year performance of -49.86% and its price on 11/29/22 lost nearly -2.01%. Currently, there are 678.62M common shares owned by the public and among those 673.23M shares have been available to trade.
The top 3 mutual fund holders in Algonquin Power & Utilities Corp. are Vanguard Total International Stoc, Government Pension Fund – Global, and BMO Dividend Fund. Vanguard Total International Stoc owns 8.99 million shares of the company’s stock, all valued at over $99.45 million. The company sold 13333.0 shares recently to bring their total holdings to about 1.33% of the shares outstanding. Government Pension Fund – Global bought 1.33 million shares to see its total holdings expand to 8.7 million shares valued at over $96.17 million and representing 1.28% of the shares outstanding. BMO Dividend Fund bought 51415.0 shares to bring its total holdings to over 8.47 million shares at a value of $93.71 million. BMO Dividend Fund now owns shares totaling to 1.25% of the shares outstanding.
Shares of Algonquin Power & Utilities Corp. (NYSE: AQN) opened at $7.41, down -$0.04 from a prior closing price of $7.45. The company’s stock has a 5-day price change of -3.95% and -47.78% over the past three months. AQN shares are trading -49.48% year to date (YTD), with the 12-month market performance down to -46.95% lower. It has a 12-month low price of $7.41 and touched a high of $16.01 over the same period. AQN has an average intraday trading volume of 3.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -21.03%, -29.93%, and -45.23% respectively.
Institutional ownership of Algonquin Power & Utilities Corp. (NYSE: AQN) shares accounts for 47.79% of the company’s 678.62M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $6.38B and a beta (3y monthly) value of 0.28. The stock’s trailing 12-month PE ratio is 110.61, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 20.11 and a Quick Ratio of 0.60 with the debt-to-equity ratio at 1.49. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.93% over the week and 4.42% over the month.
Analysts forecast that Algonquin Power & Utilities Corp. (AQN) will achieve an EPS of $0.17 for the current quarter, $0.21 for the next quarter and $0.81 for 2023. The lowest estimate earnings-per-share for the quarter is $0.16 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -70.60%, and 6.25% over the next financial year. EPS should grow at an annualized rate of 5.50% over the next five years, compared to -1.50% over the past 5-year period.
RBC Capital Mkts coverage for the Algonquin Power & Utilities Corp. (AQN) stock in a research note released on November 14, 2022 offered a Sector Perform rating with a price target of $12. BMO Capital Markets on their part issued Market Perform rating on November 14, 2022.