Algonquin Power & Utilities (AQN) Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AQN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AQN, but not buy additional shares or sell existing shares.
View AQN analyst ratings or view top-rated stocks.

13 brokerages have issued 1-year price targets for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $8.00 to $14.25. On average, they expect the company's stock price to reach $9.90 in the next twelve months. This suggests a possible upside of 44.0% from the stock's current price.
View analysts price targets for AQN or view top-rated stocks among Wall Street analysts.

Algonquin Power & Utilities' stock was trading at $6.52 at the beginning of 2023. Since then, AQN shares have increased by 5.4% and is now trading at $6.87.
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Algonquin Power & Utilities saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 32,210,000 shares, a decrease of 6.8% from the August 15th total of 34,570,000 shares. Based on an average daily trading volume, of 4,860,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 4.7% of the shares of the stock are sold short.
View Algonquin Power & Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, November 10th 2023.
View our AQN earnings forecast.

Algonquin Power & Utilities Corp. (NYSE:AQN) released its earnings results on Thursday, August, 10th. The utilities provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.02. The utilities provider had revenue of $627.30 million for the quarter, compared to analysts' expectations of $611.83 million. Algonquin Power & Utilities had a negative net margin of 8.96% and a positive trailing twelve-month return on equity of 5.99%. The business's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS.

Algonquin Power & Utilities declared a quarterly dividend on Thursday, August 10th. Investors of record on Thursday, September 28th will be given a dividend of $0.108 per share on Friday, October 13th. This represents a $0.43 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Wednesday, September 27th.
Read our dividend analysis for AQN.

SPDR S&P Kensho Clean Power ETF holds 873,179 shares of AQN stock, representing 2.15% of its portfolio.

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.43 per share and currently has a dividend yield of 6.32%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for AQN.

25 employees have rated Algonquin Power & Utilities Chief Executive Officer Ian Robertson on Glassdoor.com. Ian Robertson has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Algonquin Power & Utilities investors own include AT&T (T), Intel (INTC), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU) and Alibaba Group (BABA).

Algonquin Power & Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "AQN."

Algonquin Power & Utilities' stock is owned by a variety of retail and institutional investors. Top institutional investors include Bank of Montreal Can (5.65%), Starboard Value LP (4.96%), Bank of Nova Scotia (2.12%), Cibc World Market Inc. (1.37%), TD Asset Management Inc (1.36%) and Intact Investment Management Inc. (0.71%).

Shares of AQN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AQN stock can currently be purchased for approximately $6.87.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $4.73 billion and generates $2.77 billion in revenue each year. The utilities provider earns $-211,990,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis.

The company employs 3,951 workers across the globe.

Algonquin Power & Utilities' mailing address is 354 DAVIS ROAD, OAKVILLE A6, L6J2X1. The official website for the company is algonquinpower.com. The utilities provider can be reached via phone at (905) 465-4500, via email at alison.holditch@apucorp.com, or via fax at 905-465-4514.