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NYSE:AQN

Algonquin Power & Utilities Stock Forecast, Price & News

$15.27
-0.31 (-1.99 %)
(As of 05/12/2021 01:03 PM ET)
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Today's Range
$15.17
$15.54
50-Day Range
$15.67
$16.60
52-Week Range
$12.45
$17.86
Volume32,962 shs
Average Volume988,451 shs
Market Capitalization$9.14 billion
P/E Ratio18.40
Dividend Yield3.90%
Beta0.39
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Algonquin Power & Utilities logo

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States and Canada. The Renewable Energy Group segment owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

Headlines

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone(905) 465-4500
Employees2,469
Year FoundedN/A

Sales & Book Value

Annual Sales$1.62 billion
Cash Flow$1.04 per share
Book Value$8.05 per share

Profitability

Net Income$530.88 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$9.14 billion
Next Earnings Date8/12/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.88 out of 5 stars

Utilities Sector

41st out of 281 stocks

Electric Services Industry

16th out of 78 stocks

Analyst Opinion: 2.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
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Algonquin Power & Utilities (NYSE:AQN) Frequently Asked Questions

Is Algonquin Power & Utilities a buy right now?

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.

What stocks does MarketBeat like better than Algonquin Power & Utilities?

Wall Street analysts have given Algonquin Power & Utilities a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Algonquin Power & Utilities wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Algonquin Power & Utilities' next earnings date?

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
.

How were Algonquin Power & Utilities' earnings last quarter?

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
.

How has Algonquin Power & Utilities' stock been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

How often does Algonquin Power & Utilities pay dividends? What is the dividend yield for Algonquin Power & Utilities?

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
.

Is Algonquin Power & Utilities a good dividend stock?

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.

What guidance has Algonquin Power & Utilities issued on next quarter's earnings?

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.

What price target have analysts set for AQN?

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.
View analysts' price targets for Algonquin Power & Utilities
or view top-rated stocks among Wall Street analysts.

Who are Algonquin Power & Utilities' key executives?

Algonquin Power & Utilities' management team includes the following people:
  • Arun Banskota, President & Chief Executive Officer
  • Johnny Johnston, Chief Operating Officer
  • Arthur Kacprzak, Chief Financial Officer
  • Mary Ellen Paravalos, Chief Compliance & Risk Officer
  • Jeffrey Todd Norman Burlington, Chief Development Officer

What is Ian Robertson's approval rating as Algonquin Power & Utilities' CEO?

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.

Who are some of Algonquin Power & Utilities' key competitors?

What other stocks do shareholders of Algonquin Power & Utilities own?

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).

What is Algonquin Power & Utilities' stock symbol?

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

Who are Algonquin Power & Utilities' major shareholders?

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%).

Which institutional investors are selling Algonquin Power & Utilities stock?

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..

Which institutional investors are buying Algonquin Power & Utilities stock?

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.

How do I buy shares of Algonquin Power & Utilities?

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.
Compare Top Brokerages Here.

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately $15.27.

How much money does Algonquin Power & Utilities make?

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.

How many employees does Algonquin Power & Utilities have?

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

What is Algonquin Power & Utilities' official website?

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

Where are Algonquin Power & Utilities' headquarters?

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

How can I contact Algonquin Power & Utilities?

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]


This page was last updated on 5/12/2021 by MarketBeat.com Staff
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