Algonquin Power & Utilities Corp (NYSE: AQN) is -3.37% lower on its value in year-to-date trading and has touched a low of $4.19 and a high of $6.36 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 $5.73 in the last trading session, with the day’s gains setting it 13219994.27%.
Currently trading at $13220000.0, the stock is -1.15% and 2.32% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.9 million and changing 0.00% at the moment leaves the stock 13.61% off its SMA200. AQN registered 28.76% gain for a year compared to 6-month gain of 27.62%. The firm has a 50-day simple moving average (SMA 50) of $5.6 and a 200-day simple moving average (SMA200) of $5.0435.
The stock witnessed a 4.56% loss in the last 1 month and extending the period to 3 months gives it a 10.40%, and is -0.87% 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 1.63% over the week and 2.52% over the month.
Algonquin Power & Utilities Corp (AQN) has around 3786 employees, a market worth around $4.53B and $2.44B in sales. Fwd P/E is 15.84. Profit margin for the company is -49.31%. Distance from 52-week low is 36.75% and -9.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.23%).
The EPS is expected to grow by 3.33% this year.
Algonquin Power & Utilities Corp (AQN) Top Institutional Holders
321.0 institutions hold shares in Algonquin Power & Utilities Corp (AQN), with institutional investors hold 69.53% of the company’s shares. The shares outstanding are 767.75M, and float is at 767.16M with Short Float at 3.45%. Institutions hold 69.51% of the Float.
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 3.8548% and valued at over $158.48 million, while GOLDMAN SACHS GROUP INC holds 2.9677 of the shares totaling 20.82 million with a market value of $122.01 million.
