Shares of Algonquin Power & Utilities have moved -19.2% today, and are now trading at a price of $9.3. In contrast, the S&P 500 index saw a 0.1% change and the Dow Industrial Average posted a 0.6% performance. Today's trading volume is 6,947,758 compared to the stock's average volume of 2,436,190.
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. Based in Oakville, the company has 3,445 full time employees and a market cap of $6,350,393,856. Algonquin Power & Utilities currently offers its equity investors a dividend that yields 6.0% per year.
The company is now trading -35.24% away from its average analyst target price of $14.36 per share. The 7 analysts following the stock have set target prices ranging from $13 to $18, and on average give Algonquin Power & Utilities a rating of buy.
Over the last year, AQN shares have gone down by -18.9%, which represents a difference of -3.4% when compared to the S&P 500. The stock's 52 week high is $16.01 per share and its 52 week low is $9.28. With its gross margins declining an average -2.9% over the last four years, Algonquin Power & Utilities may not have a strong enough business to reverse this trend.
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