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

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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13 equities research analysts have issued 1-year price targets for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $8.00 to $14.25. On average, they predict the company's stock price to reach $9.90 in the next year. This suggests a possible upside of 43.8% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $6.52 at the beginning of the year. Since then, AQN stock has increased by 5.5% and is now trading at $6.88.
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Algonquin Power & Utilities saw a drop in short interest in August. As of August 31st, there was short interest totaling 32,210,000 shares, a drop of 6.8% from the August 15th total of 34,570,000 shares. Based on an average daily volume of 4,860,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 4.7% of the company's shares 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) issued its quarterly earnings results on Thursday, August, 10th. The utilities provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by $0.02. The utilities provider earned $627.30 million during the quarter, compared to the consensus estimate of $611.83 million. Algonquin Power & Utilities had a positive trailing twelve-month return on equity of 5.99% and a negative net margin of 8.96%. Algonquin Power & Utilities's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 EPS.

Algonquin Power & Utilities declared a quarterly dividend on Thursday, August 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.28%. 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 number of institutional and retail investors. Top institutional shareholders 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 $6.88.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $4.74 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.