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

11 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, 7 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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11 brokerages have issued 12 month price targets for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $7.50 to $14.25. On average, they predict the company's share price to reach $10.13 in the next twelve months. This suggests a possible upside of 22.1% 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 increased by 27.2% and is now trading at $8.2950.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Algonquin Power & Utilities Corp. (NYSE:AQN) announced its earnings results on Thursday, May, 11th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The utilities provider had revenue of $778.60 million for the quarter, compared to the consensus estimate of $770.77 million. Algonquin Power & Utilities had a negative net margin of 1.17% and a positive trailing twelve-month return on equity of 6.74%.

Algonquin Power & Utilities announced a quarterly dividend on Thursday, May 11th. Stockholders 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 annualized dividend and a yield of 10.42%. The ex-dividend date of this dividend is Thursday, June 29th. This is a boost from the stock's previous quarterly dividend of $0.11.
Read our dividend analysis for AQN.

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

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.43 per share and currently has a dividend yield of 5.23%. 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.

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

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 retail and institutional investors. Top institutional shareholders 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%).

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 $8.30.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $5.71 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.

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.