Algonquin Power & Utilities Corp (NYSE: AQN) is -6.96% lower on its value in year-to-date trading and has touched a low of $4.90 and a high of $9.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AQN stock was last observed hovering at around $5.85 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $5.88, the stock is 0.15% and -3.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing 0.51% at the moment leaves the stock -14.13% off its SMA200. AQN registered -22.02% loss for a year compared to 6-month loss of -22.53%. The firm has a 50-day simple moving average (SMA 50) of $4.50 and a 200-day simple moving average (SMA200) of $30.79.
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The stock witnessed a -0.84% gain in the last 1 month and extending the period to 3 months gives it a -3.13%, and is -1.51% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.71% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3951 employees, a market worth around $4.19B and $2.76B in sales. Fwd P/E is 10.95. Profit margin for the company is -8.72%. Distance from 52-week low is 20.00% and -35.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.89%).
Algonquin Power & Utilities Corp quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $743M over the same period.The EPS is expected to shrink by -26.98% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to shrink -0.70% in year-over-year returns.
Algonquin Power & Utilities Corp (AQN) Top Institutional Holders
450 institutions hold shares in Algonquin Power & Utilities Corp (AQN), with institutional investors hold 60.37% of the company’s shares. The shares outstanding are 712.14M, and float is at 688.49M with Short Float at 3.17%. Institutions hold 60.33% of the Float.
The top institutional shareholder in the company is Bank of Montreal/Can/ with over 38.93 million shares valued at $321.54 million. The investor’s holdings represent 5.65% of the AQN Shares outstanding. As of Jun 29, 2023, the second largest holder is Starboard Value LP with 34.14 million shares valued at $281.99 million to account for 4.95% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 25.3 million shares representing 3.67% and valued at over $209.02 million, while Bank of America Corporation holds 3.45% of the shares totaling 23.74 million with a market value of $196.1 million.
Algonquin Power & Utilities Corp (AQN) Insider Activity
A total of 4 insider transactions have happened at Algonquin Power & Utilities Corp (AQN) in the last six months, with sales accounting for 0 and purchases happening 4 times.
Algonquin Power & Utilities Corp (AQN): Who are the competitors?
The company’s main competitors (and peers) include Emera Inc. (EMA) that is trading -11.00% down over the past 12 months. PG&E Corp. (PCG) that is 1.53% higher over the same period.
