Shares of Utilities sector company Algonquin Power & Utilities moved -7.1% today, and are now trading at a price of $8.64. The mid-cap stock's daily volume was 2,683,683 compared to its average volume of 2,612,689. The S&P 500 index returned a -0.4% performance.
Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company is based in Oakville and has 3,445 full time employees. Its market capitalization is $5,857,534,464. Algonquin Power & Utilities currently offers its equity investors a dividend that yields 1.8% per year.
7 analysts are following Algonquin Power & Utilities and have set target prices ranging from $13 to $18 per share. On average, they have given the company a rating of buy. At today's prices, AQN is trading -38.27% away from its average analyst target price of $14 per share.
Over the last year, AQN shares have gone down by -34.8%, which represents a difference of -20.1% when compared to the S&P 500. The stock's 52 week high is $16.01 per share and its 52 week low is $8.62. Algonquin Power & Utilities has averaged free cash flows of $-343,620,250.0 over the last four years, with a mean growth rate of -471.5%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.
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