Algonquin Power & Utilities Stock Forecast, Price & News

Algonquin Power & Utilities' stock was trading at $13.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AQN shares have increased by 2.9% and is now trading at $14.05.
View which stocks have been most impacted by COVID-19.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 1 sell rating, 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Algonquin Power & Utilities.

Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Algonquin Power & Utilities.

Algonquin Power & Utilities Corp (NYSE:AQN) announced its quarterly earnings data on Thursday, August, 13th. The utilities provider reported $0.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.12 by $0.03. The utilities provider had revenue of $343.64 million for the quarter, compared to analyst estimates of $357.37 million. Algonquin Power & Utilities had a net margin of 31.62% and a return on equity of 8.01%.
View Algonquin Power & Utilities' earnings history.

Algonquin Power & Utilities declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.308 per share on Thursday, October 15th. This represents a $1.23 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a boost from Algonquin Power & Utilities's previous quarterly dividend of $0.16.
View Algonquin Power & Utilities' dividend history.

13 analysts have issued 1-year target prices for Algonquin Power & Utilities' shares. Their forecasts range from $13.00 to $19.00. On average, they anticipate Algonquin Power & Utilities' stock price to reach $15.91 in the next year. This suggests a possible upside of 13.3% from the stock's current price.
View analysts' price targets for Algonquin Power & Utilities.

Algonquin Power & Utilities saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,460,000 shares, an increase of 25.3% from the July 15th total of 3,560,000 shares. Based on an average daily volume of 818,700 shares, the days-to-cover ratio is presently 5.4 days. Currently, 0.8% of the shares of the stock are sold short.
View Algonquin Power & Utilities' Short Interest.

Some companies that are related to Algonquin Power & Utilities include Eversource Energy (ES), CLP (CLPHY), DTE Energy (DTE), PPL (PPL), Edison International (EIX), Entergy (ETR), EDP-Energias de Portugal, S.A (EDPFY), Fortis (FTS), SSE PLC/S (SSEZY), FirstEnergy (FE), Avangrid (AGR), Tenaga Nasional Bhd (TNABY), Korea Electric Power (KEP), CenterPoint Energy (CNP) and RED ELECTRICA C/ADR (RDEIY).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Algonquin Power & Utilities investors own include AT&T (T), Intel (INTC), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), QUALCOMM (QCOM), Alibaba Group (BABA) and CVS Health (CVS).

Algonquin Power & Utilities trades on the New York Stock Exchange (NYSE) under the ticker symbol "AQN."

Algonquin Power & Utilities' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.63%), TD Asset Management Inc. (2.49%), GQG Partners LLC (1.97%), Toronto Dominion Bank (1.55%), FMR LLC (0.95%) and Great West Life Assurance Co. Can (0.53%).

AQN stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Guardian Capital LP, CIBC Asset Management Inc, Bank of America Corp DE, Sumitomo Mitsui Trust Holdings Inc., FMR LLC, Great West Life Assurance Co. Can, and Barometer Capital Management Inc..

AQN stock was purchased by a variety of institutional investors in the last quarter, including TD Asset Management Inc., GQG Partners LLC, Toronto Dominion Bank, Canada Pension Plan Investment Board, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, First Trust Advisors LP, QV Investors Inc., and Intact Investment Management Inc..

Shares of AQN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AQN stock can currently be purchased for approximately $14.05.

Algonquin Power & Utilities has a market capitalization of $8.23 billion and generates $1.62 billion in revenue each year. The utilities provider earns $530.88 million in net income (profit) each year or $0.63 on an earnings per share basis. Algonquin Power & Utilities employs 2,469 workers across the globe.

The official website for Algonquin Power & Utilities is algonquinpower.com.

Algonquin Power & Utilities' mailing address is 354 DAVIS ROAD, OAKVILLE A6, L6J2X1. The utilities provider can be reached via phone at 905-465-4500 or via email at [email protected]