Algonquin Power & Utilities Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Algonquin Power & Utilities stock. 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 analyst ratings for Algonquin Power & Utilities or view top-rated stocks.

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Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Algonquin Power & Utilities.

Algonquin Power & Utilities Corp. (NYSE:AQN) announced its earnings results on Thursday, May, 6th. The utilities provider reported $0.20 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.01. The utilities provider had revenue of $634.50 million for the quarter, compared to analyst estimates of $571.53 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 7.87% and a net margin of 27.73%. The business's quarterly revenue was up 36.5% on a year-over-year basis. During the same quarter last year, the company posted $0.19 earnings per share.
View Algonquin Power & Utilities' earnings history.

Algonquin Power & Utilities' stock was trading at $13.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AQN shares have increased by 11.9% and is now trading at $15.27.
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Algonquin Power & Utilities declared a quarterly dividend on Monday, May 10th. Shareholders of record on Wednesday, June 30th will be paid a dividend of $0.1706 per share on Thursday, July 15th. This represents a $0.68 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend is Tuesday, June 29th. This is an increase from Algonquin Power & Utilities's previous quarterly dividend of $0.16.
View Algonquin Power & Utilities' dividend history.

Algonquin Power & Utilities pays an annual dividend of $0.62 per share and currently has a dividend yield of 3.90%. Algonquin Power & Utilities has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Algonquin Power & Utilities is 98.41%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Algonquin Power & Utilities will have a dividend payout ratio of 84.93% in the coming year. This indicates that Algonquin Power & Utilities may not be able to sustain their current dividend.
View Algonquin Power & Utilities' dividend history.

Algonquin Power & Utilities issued an update on its FY21 earnings guidance on Friday, March, 5th. The company provided EPS guidance of $0.71-0.76 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73.

8 equities research analysts have issued 1-year price targets for Algonquin Power & Utilities' stock. Their forecasts range from $13.50 to $19.00. On average, they expect Algonquin Power & Utilities' stock price to reach $16.88 in the next twelve months. This suggests a possible upside of 10.5% from the stock's current price.
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25 employees have rated Algonquin Power & Utilities CEO Ian Robertson on Glassdoor.com. Ian Robertson has an approval rating of 85% among Algonquin Power & Utilities' employees.

Some companies that are related to Algonquin Power & Utilities include Eversource Energy (ES), DTE Energy (DTE), CLP (CLPHY), PPL (PPL), Edison International (EIX), Entergy (ETR), EDP - Energias de Portugal (EDPFY), Fortis (FTS), SSE (SSEZY), FirstEnergy (FE), Avangrid (AGR), Korea Electric Power (KEP), CenterPoint Energy (CNP), Tenaga Nasional Berhad (TNABY) and Enel Américas (ENIA).
View all of AQN's competitors.

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), The 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 shareholders include Toronto Dominion Bank (2.73%), Bank of Nova Scotia (1.55%), Scotia Capital Inc. (0.86%), The Manufacturers Life Insurance Company (0.84%), Kayne Anderson Capital Advisors LP (0.44%) and Copeland Capital Management LLC (0.43%).

AQN stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Bank of Nova Scotia, Kayne Anderson Capital Advisors LP, Crossmark Global Holdings Inc., JPMorgan Chase & Co., Montrusco Bolton Investments Inc., Barometer Capital Management Inc., and Sumitomo Mitsui Trust Holdings Inc..

AQN stock was purchased by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Mufg Securities Canada LTD., The Manufacturers Life Insurance Company , DekaBank Deutsche Girozentrale, John G Ullman & Associates Inc., Scotia Capital Inc., RMB Capital Management LLC, and Copeland Capital Management LLC.

Shares of AQN 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 $15.27.

Algonquin Power & Utilities has a market capitalization of $9.14 billion and generates $1.62 billion in revenue each year. The utilities provider earns $530.88 million in net income (profit) each year or $0.63 on an earnings per share basis.

Algonquin Power & Utilities employs 2,469 workers across the globe.

The official website for Algonquin Power & Utilities is algonquinpower.com.

Algonquin Power & Utilities is headquartered at 354 DAVIS ROAD, OAKVILLE A6, L6J2X1.

Algonquin Power & Utilities' mailing address is 354 DAVIS ROAD, OAKVILLE A6, L6J2X1. The utilities provider can be reached via phone at (905) 465-4500 or via email at [email protected]