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

12 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, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

12 analysts have issued 1-year price targets for Algonquin Power & Utilities' shares. 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 29.5% 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 beginning of 2023. Since then, AQN stock has decreased by 3.1% and is now trading at $6.32. View the best growth stocks for 2023 here .

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a drop in short interest in 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 days-to-cover ratio is presently 7.1 days. Approximately 5.0% of the company's stock are short sold. View Algonquin Power & Utilities' Short Interest .

When is Algonquin Power & Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, March 15th 2024. View our AQN earnings forecast .

How were Algonquin Power & Utilities' earnings last quarter?

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

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 Friday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 13.67%. The ex-dividend date 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 .

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 6.87%. 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 ETF holds Algonquin Power & Utilities' stock ?

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

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) .

Who are Algonquin Power & Utilities' major shareholders?

Algonquin Power & Utilities' stock is owned by a variety of institutional and retail investors. Top institutional investors 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%).

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 .

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

$6.32

+0.17 (+2.76%)

(As of 12/1/2023 ET)

Compare

Today's Range: $6.12
▼
$6.37
50-Day Range: $5.03
▼
$6.88
52-Week Range: $4.90
▼
$9.14

Volume: 5.02 million shs
Average Volume: 4.11 million shs
Market Capitalization: $4.35 billion

P/E Ratio: N/A
Dividend Yield: 6.80%
Price Target: $8.19

Algonquin Power & Utilities MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 29.5% Upside
$8.19 Price Target
Short Interest: Healthy
4.73% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -1.20
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

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

2.35 out of 5 stars

Utilities Sector

38th out of 86 stocks

Electric Services Industry

21st out of 41 stocks

4.1

Analyst's Opinion

Consensus Rating
Algonquin Power & Utilities has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 4 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $8.19, Algonquin Power & Utilities has a forecasted upside of 29.5% from its current price of $6.32.
Amount of Analyst Coverage
Algonquin Power & Utilities has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
4.73% of the float of Algonquin Power & Utilities has been sold short.
Short Interest Ratio / Days to Cover
Algonquin Power & Utilities has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Algonquin Power & Utilities has recently decreased by 4.65%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
Algonquin Power & Utilities is a leading dividend payer. It pays a dividend yield of 6.87%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Algonquin Power & Utilities does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Algonquin Power & Utilities will have a dividend payout ratio of 82.69% in the coming year. This indicates that Algonquin Power & Utilities may not be able to sustain their current dividend.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Algonquin Power & Utilities has received a 50.66% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electricity transmission and distribution", "Natural gas distribution", and "Electricity produced with geothermal power" products. See details.
Environmental Sustainability
The Environmental Impact score for Algonquin Power & Utilities is -1.20.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Algonquin Power & Utilities this week, compared to 3 articles on an average week.
Search Interest
47 people have searched for AQN on MarketBeat in the last 30 days. This is an increase of 96% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Algonquin Power & Utilities to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Algonquin Power & Utilities insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.05% of the stock of Algonquin Power & Utilities is held by insiders.
Percentage Held by Institutions
52.12% of the stock of Algonquin Power & Utilities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Algonquin Power & Utilities are expected to remain at $0.52 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Algonquin Power & Utilities is -18.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algonquin Power & Utilities is -18.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Algonquin Power & Utilities has a P/B Ratio of 0.68. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Algonquin Power & Utilities Stock (NYSE:AQN)

Algonquin Power & Utilities Corp., a renewable energy and utility company, that provides energy and water solutions and services in North America and internationally. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment provides a portfolio of rate-regulated water, electricity, and gas utility services. It offers electricity distribution, water distribution, waste water treatment, and natural gas distribution services. The Renewable Energy Group segment generates and sells electrical energy produced by its portfolio of renewable power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, renewable natural gas, and thermal facilities. Algonquin Power & Utilities Corp. was incorporated in 1988 and is headquartered in Oakville, Canada.

AQN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AQN Stock News Headlines

November 27, 2023 | americanbankingnews.com

CEMIG (NYSE:CIG) & Algonquin Power & Utilities (NYSE:AQN) Financial Review

November 26, 2023 | seekingalpha.com

Algonquin Power's Valuation Gap: Uncovering The Investment Potential

December 3, 2023 | DTI Trader (Ad)

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November 11, 2023 | finance.yahoo.com

Algonquin Power & Utilities Corp. (NYSE:AQN) Q3 2023 Earnings Call Transcript

November 10, 2023 | msn.com

Algonquin Power & Utilities Gears Up For Q3 Print; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

November 3, 2023 | finance.yahoo.com

Algonquin Power & Utilities (AQN) Q3 Earnings Preview: What's in the Cards?

October 27, 2023 | finance.yahoo.com

Southwest Gas, Algonquin Power See Activist Investor Action

October 18, 2023 | investing.com

Algonquin Power & Utilities Corp (AQN_pd)

December 3, 2023 | DTI Trader (Ad)

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October 4, 2023 | seekingalpha.com

Algonquin: Nearly Entered Penny Stock Status - Why You Should Avoid

October 4, 2023 | finance.yahoo.com

Is Algonquin Power & Utilities (AQN) Too Good to Be True? A Comprehensive Analysis of a ...

October 3, 2023 | seekingalpha.com

Algonquin: Billionaire Says Observe Carefully When The Tide Goes Out

September 28, 2023 | finance.yahoo.com

Algonquin Power & Utilities Corp (AQN): A Deep Dive into Its Performance Metrics

September 18, 2023 | markets.businessinsider.com

Bank of America Securities Reaffirms Their Hold Rating on Algonquin Power & Utilities (AQN)

September 14, 2023 | msn.com

Algonquin Power & Utilities: Why It’s Cheap Today

August 24, 2023 | theglobeandmail.com

Closing Bell: Algonquin Power and Utilities Pref D up on Wednesday (AQN-PR-D)

August 22, 2023 | seekingalpha.com

Algonquin: Battered By High-Interest Rates, A Strategy Shift Might Be The Answer

August 14, 2023 | seekingalpha.com

Algonquin: More Challenges Than Upside

August 11, 2023 | oilprice.com

Algonquin Power To Sell Renewables Division As Losses Mount

August 10, 2023 | msn.com

Algonquin Power Announces Exit from Renewables Business

August 10, 2023 | finance.yahoo.com

Algonquin Power & Utilities (AQN) Q2 2023 Earnings Call Transcript

August 10, 2023 | seekingalpha.com

Algonquin Power & Utilities Corp. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

NRG Energy (NRG) Beats Q2 Earnings and Revenue Estimates

July 21, 2023 | markets.businessinsider.com

Algonquin Power & Utilities (AQN) Receives a Hold from CIBC

July 12, 2023 | fool.com

Algonquin Power & Utilities (TSX: AQN)

July 10, 2023 | 247wallst.com

Starboard Value Now Owns 5.10% of Algonquin Power & Utilities (AQN)

July 6, 2023 | seekingalpha.com

Algonquin: Why We Think It's A "Hold" At Best

See More Headlines

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Company Calendar

Ex-Dividend for 10/13 Dividend: 9/27/2023
Dividend Payable: 10/13/2023
Last Earnings: 11/10/2023
Today: 12/03/2023
Ex-Dividend for 1/15 Dividend: 12/28/2023
Fiscal Year End: 12/31/2023
Dividend Payable: 1/15/2024
Next Earnings (Estimated): 3/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Electric services
Sub-Industry: N/A
Sector: Utilities
Current Symbol: NYSE:AQN
CUSIP: N/A
CIK: 1174169
Web: algonquinpower.com
Phone: (905) 465-4500
Fax: 905-465-4514
Employees: 3,951
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $8.19
High Stock Price Target: $10.50
Low Stock Price Target: $4.75
Potential Upside/Downside: +29.5%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.35)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 12.15
P/E Growth: N/A
Net Income: $-211,990,000.00
Net Margins: -8.35%
Pretax Margin: -14.57%
Return on Equity: 6.13%
Return on Assets: 2.27%

Debt

Debt-to-Equity Ratio: 1.22
Current Ratio: 0.66
Quick Ratio: 0.50

Sales & Book Value

Annual Sales: $2.78 billion
Price / Sales: 1.57
Cash Flow: $1.40 per share
Price / Cash Flow: 4.52
Book Value: $9.23 per share
Price / Book: 0.68

Miscellaneous

Outstanding Shares: 688,997,000
Free Float: 688,653,000
Market Cap: $4.35 billion
Optionable: Not Optionable
Beta: 0.66

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Key Executives

Mr. Christopher G. H. Huskilson (Age 66)
Interim CEO & Director
Comp: $132.5k
Mr. Darren G. Myers (Age 49)
Chief Financial Officer
Comp: $266.15k
Mr. Anthony Johnston
Chief Operating Officer
Ms. Jennifer Tindale (Age 51)
Chief Legal Officer & Corporate Secretary
Comp: $473.48k
Mr. Jeffery Norman (Age 54)
Chief Development Officer
Comp: $512.73k
Mr. Brian James Chin CPA (Age 49)
Vice President of Investor Relations
Ms. Mary Ellen Paravalos
Chief Compliance & Risk Officer
Stephanie Bose
Director of Corporate Communications
Ms. Sarah R. MacDonald B.A (Age 54)
LL.B, M.B.A, Chief Human Resources Officer
Ms. Brenda Dale Marshall
Senior Vice President of Wind Development

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

AQN Stock Analysis - Frequently Asked Questions

Should I buy or sell Algonquin Power & Utilities stock right now?: 12 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, 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?: 12 analysts have issued 1-year price targets for Algonquin Power & Utilities' shares. 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 29.5% 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 beginning of 2023. Since then, AQN stock has decreased by 3.1% and is now trading at $6.32.
View the best growth stocks for 2023 here.
Are investors shorting Algonquin Power & Utilities?: Algonquin Power & Utilities saw a drop in short interest in 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 days-to-cover ratio is presently 7.1 days. Approximately 5.0% of the company's stock are short sold.
View Algonquin Power & Utilities' Short Interest.
When is Algonquin Power & Utilities' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, March 15th 2024.
View our AQN earnings forecast.
How were Algonquin Power & Utilities' earnings last quarter?: Algonquin Power & Utilities Corp. (NYSE:AQN) announced its quarterly earnings results on Friday, November, 10th. The utilities provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.01. The utilities provider earned $624.70 million during the quarter, compared to analysts' expectations of $643.87 million. Algonquin Power & Utilities had a negative net margin of 8.35% and a positive trailing twelve-month return on equity of 6.13%. The company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share.
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 Friday, November 10th. Stockholders 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 annualized dividend and a dividend yield of 13.67%. The ex-dividend date 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.

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 6.87%. 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 ETF holds Algonquin Power & Utilities' stock ?: SPDR S&P Kensho Clean Power ETF holds 873,179 shares of AQN stock, representing 2.15% of its portfolio.
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).
Who are Algonquin Power & Utilities' major shareholders?: Algonquin Power & Utilities' stock is owned by a variety of institutional and retail investors. Top institutional investors 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%).
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.

This page (NYSE:AQN) was last updated on 12/3/2023 by MarketBeat.com Staff

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