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NYSE:AQN

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

$8.57
+0.14 (+1.66%)
(As of 06/1/2023 ET)
Compare
Today's Range
$8.39
$8.63
50-Day Range
$8.01
$8.94
52-Week Range
$6.41
$14.85
Volume
7.02 million shs
Average Volume
5.40 million shs
Market Capitalization
$5.90 billion
P/E Ratio
N/A
Dividend Yield
5.02%
Price Target
$10.13

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.18 Rating Score
Upside/​Downside
18.1% Upside
$10.13 Price Target
Short Interest
Healthy
3.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.20
Upright™ Environmental Score
News Sentiment
0.30mentions of Algonquin Power & Utilities in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.51%
From $0.57 to $0.59 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Utilities Sector

117th out of 166 stocks

Electric Services Industry

55th out of 80 stocks


AQN stock logo

About Algonquin Power & Utilities (NYSE:AQN) Stock

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the following business segments: Regulated Services Group, Renewable Energy Group, and Corporate. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The Corporate segment relates to other energy generation and water distribution related activities. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

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AQN Stock News Headlines

Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Graphite versus Lithium - What Investors Should Know
Over 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.
Algonquin: Strategic Review And A Play We Like
See More Headlines

AQN Price History

AQN Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Last Earnings
5/11/2023
Today
6/01/2023
Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Next Earnings (Estimated)
8/10/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
3,951
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.13
High Stock Price Forecast
$14.25
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.18
Research Coverage
11 Analysts

Profitability

Net Income
$-211,990,000.00
Pretax Margin
-5.59%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$1.41 per share
Book Value
$9.98 per share

Miscellaneous

Free Float
688,248,000
Market Cap
$5.92 billion
Optionable
Not Optionable
Beta
0.51

Key Executives

  • Arun Banskota
    President, Chief Executive Officer & Director
  • Johnny Johnston
    Chief Operating Officer
  • Darren G. Myers
    Chief Financial Officer
  • Colin Michael Penny
    Executive VP-Information Technology & Digital
  • Mary Ellen Paravalos
    Chief Compliance & Risk Officer













AQN Stock - Frequently Asked Questions

Should I buy or sell Algonquin Power & Utilities stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 3 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.

What is Algonquin Power & Utilities' stock price forecast for 2023?

11 analysts have issued 1-year target prices for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $7.50 to $14.25. On average, they anticipate the company's share price to reach $10.13 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
View analysts price targets for AQN
or view top-rated stocks among Wall Street analysts.

How have AQN shares performed in 2023?

Algonquin Power & Utilities' stock was trading at $6.52 at the start of the year. Since then, AQN shares have increased by 31.9% and is now trading at $8.60.
View the best growth stocks for 2023 here
.

When is Algonquin Power & Utilities' next earnings date?

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

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) issued its earnings results on Thursday, May, 11th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.01. The utilities provider earned $778.60 million during the quarter, compared to analysts' expectations of $770.77 million. Algonquin Power & Utilities had a positive trailing twelve-month return on equity of 6.74% and a negative net margin of 1.17%.

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

Algonquin Power & Utilities announced a quarterly dividend on Thursday, May 11th. Investors of record on Friday, June 30th will be paid a dividend of $0.216 per share on Friday, July 14th. This represents a $0.86 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for AQN
.

What ETF holds Algonquin Power & Utilities' stock ?

iShares U.S. Infrastructure ETF holds 1,702,237 shares of AQN stock, representing 0.83% of its portfolio.

Is Algonquin Power & Utilities a good dividend stock?

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.43 per share and currently has a dividend yield of 5.24%. 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.

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

Algonquin Power & Utilities updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of $0.55-$0.61 for the period, compared to the consensus EPS estimate of $0.58. The company issued revenue guidance of -.

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

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.

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), 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 many different institutional and retail investors. Top institutional investors include Toronto Dominion Bank (2.20%), Bank of America Corp DE (1.34%), National Bank of Canada FI (1.30%), Scotia Capital Inc. (0.81%), Cooper Creek Partners Management LLC (0.76%) and Intact Investment Management Inc. (0.76%).

How do I buy shares of Algonquin Power & Utilities?

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.
Compare Top Brokerages Here.

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately $8.60.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $5.92 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 ($0.06) on an earnings per share basis.

How many employees does Algonquin Power & Utilities have?

The company employs 3,951 workers across the globe.

How can I contact Algonquin Power & Utilities?

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.

This page (NYSE:AQN) was last updated on 6/1/2023 by MarketBeat.com Staff

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