Algonquin Power & Utilities - AQN Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 5 hold ratings and 3 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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8 Wall Street analysts have issued 12-month target prices for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $15.50 to $18.00. On average, they predict the company's share price to reach $16.29 in the next year. This suggests a possible upside of 41.4% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $14.45 at the beginning of the year. Since then, AQN shares have decreased by 20.3% and is now trading at $11.52.
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Algonquin Power & Utilities saw a increase in short interest in September. As of September 15th, there was short interest totaling 21,330,000 shares, an increase of 47.2% from the August 31st total of 14,490,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is currently 13.1 days. Currently, 3.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
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Algonquin Power & Utilities Corp. (NYSE:AQN) issued its quarterly earnings data on Thursday, August, 11th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The utilities provider had revenue of $624.30 million for the quarter, compared to analyst estimates of $605.79 million. Algonquin Power & Utilities had a net margin of 8.27% and a trailing twelve-month return on equity of 7.04%. During the same quarter in the previous year, the business earned $0.15 EPS.

Algonquin Power & Utilities announced a quarterly dividend on Monday, August 15th. Stockholders of record on Thursday, September 29th will be paid a dividend of $0.1808 per share on Friday, October 14th. This represents a $0.72 annualized dividend and a dividend yield of 6.28%. The ex-dividend date is Wednesday, September 28th.
Read our dividend analysis for AQN.

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.72 per share and currently has a dividend yield of 6.60%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 240.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AQN will have a dividend payout ratio of 88.89% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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."

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 $11.52.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $7.76 billion and generates $2.29 billion in revenue each year. The utilities provider earns $264.86 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 3,441 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.