Algonquin Power & Utilities Corp (NYSE:AQN) has a beta value of 0.74 and has seen 14.77 million shares traded in the last trading session. The company, currently valued at $4.54B, closed the last trade at $5.74 per share which meant it lost -$0.04 on the day or -0.69% during that session. The AQN stock price is -10.8% off its 52-week high price of $6.36 and 27.0% above the 52-week low of $4.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.6 million shares traded. The 3-month trading volume is 13.09 million shares.
The consensus among analysts is that Algonquin Power & Utilities Corp (AQN) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 7 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
Algonquin Power & Utilities Corp (NYSE:AQN) trade information
Sporting -0.69% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the AQN stock price touched $5.74 or saw a rise of 1.88%. Year-to-date, Algonquin Power & Utilities Corp shares have moved -1.03%, while the 5-day performance has seen it change -2.88%. Over the past 30 days, the shares of Algonquin Power & Utilities Corp (NYSE:AQN) have changed 2.14%. Short interest in the company has seen 26.44 million shares shorted with days to cover at 1.97.
Wall Street analysts have a consensus price target for the stock at $6.75, which means that the shares’ value could jump 14.96% from current levels. The projected low price target is $5.5 while the price target rests at a high of $10.5. In that case, then, we find that the current price level is -82.93% off the targeted high while a plunge would see the stock lose 4.18% from current levels.
Algonquin Power & Utilities Corp (AQN) estimates and forecasts
The company’s shares have gained 27.27% over the past 6 months.
Earnings growth for 2025 is a modest 3.33% while over the next 5 years, the company’s earnings are expected to increase by 12.35%.
AQN Dividends
Algonquin Power & Utilities Corp is expected to release its next earnings report on 2025-May-09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.30 at a share yield of 5.29%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 6.14%.
Algonquin Power & Utilities Corp (NYSE:AQN)’s Major holders
Insiders own 0.04% of the company shares, while shares held by institutions stand at 69.51% with a share float percentage of 69.53%. Investors are also buoyed by the number of investors in a company, with Algonquin Power & Utilities Corp having a total of 323.0 institutions that hold shares in the company. The top two institutional holders are STARBOARD VALUE LP with over 62.14 million shares worth more than $364.15 million. As of 2024-06-30, STARBOARD VALUE LP held 8.8571% of shares outstanding.
The other major institutional holder is ROYAL BANK OF CANADA, with the holding of over 28.91 million shares as of 2024-06-30. The firm’s total holdings are worth over $169.43 million and represent 4.121% of shares outstanding.
