Algonquin Power & Utilities Stock Price, News & Analysis (NYSE:AQN)

12 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, 7 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.

12 analysts have issued 12-month price targets for Algonquin Power & Utilities' stock. Their AQN share price targets range from $4.75 to $10.50. On average, they anticipate the company's share price to reach $8.19 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $6.52 at the beginning of 2023. Since then, AQN stock has decreased by 7.0% and is now trading at $6.0650.
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Algonquin Power & Utilities saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 34,160,000 shares, a drop of 13.9% from the October 15th total of 39,660,000 shares. Based on an average trading volume of 4,790,000 shares, the short-interest ratio is presently 7.1 days. Approximately 5.0% 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, March 15th 2024.
View our AQN earnings forecast.

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its quarterly earnings data on Friday, November, 10th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.01. The utilities provider had revenue of $624.70 million for the quarter, compared to analysts' expectations of $643.87 million. Algonquin Power & Utilities had a positive trailing twelve-month return on equity of 6.13% and a negative net margin of 8.35%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share.

Algonquin Power & Utilities declared a quarterly dividend on Friday, November 10th. Investors of record on Friday, December 29th will be paid a dividend of $0.216 per share on Monday, January 15th. This represents a $0.86 dividend on an annualized basis and a yield of 14.25%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for AQN.

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.43 per share and currently has a dividend yield of 6.82%. 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.

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

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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (1.93%), Invesco Ltd. (1.43%), Bank of Nova Scotia (1.41%), TD Asset Management Inc (1.32%), Legal & General Group Plc (1.20%) and Intact Investment Management Inc. (0.70%).

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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