Algonquin Power & Utilities Corp (NYSE: AQN) is 6.74% higher on its value in year-to-date trading and has touched a low of $4.19 and a high of $6.79 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AQN stock was last observed hovering at around $4.78 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $4.75, the stock is 0.19% and 4.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.18 million and changing -0.63% at the moment leaves the stock -9.80% off its SMA200. AQN registered -17.82% loss for a year compared to 6-month loss of -10.21%.
The stock witnessed a 9.45% gain in the last 1 month and extending the period to 3 months gives it a -0.21%, and is -2.46% 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 2.47% over the week and 3.17% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3500 employees, a market worth around $3.75B and $2.56B in sales. Fwd P/E is 15.72. Profit margin for the company is -39.77%. Distance from 52-week low is 13.37% and -30.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.44%).
with sales reaching $644.73M over the same period.The EPS is expected to shrink by -26.35% this year, but quarterly earnings will post -4.12% year-over-year. Quarterly sales are estimated to shrink -3.32% in year-over-year returns.
Algonquin Power & Utilities Corp (AQN) Top Institutional Holders
The shares outstanding are 767.15M, and float is at 766.64M with Short Float at 2.29%.
The top institutional shareholder in the company is STARBOARD VALUE LP with over 62.14 million shares valued at $364.15 million. The investor’s holdings represent 8.8571% of the AQN Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 28.91 million shares valued at $169.43 million to account for 4.121 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 27.04 million shares representing 3.922% and valued at over $158.48 million, while GOLDMAN SACHS GROUP INC holds 3.0195 of the shares totaling 20.82 million with a market value of $122.01 million.
Algonquin Power & Utilities Corp (AQN) Insider Activity
A total of 0 insider transactions have happened at Algonquin Power & Utilities Corp (AQN) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Algonquin Power & Utilities Corp (AQN): Who are the competitors?
The company’s main competitors (and peers) include Emera Inc. (EMA) that is trading 22.28% up over the past 12 months. PG&E Corp. (PCG) that is -2.43% lower over the same period.
