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

$7.18
-0.12 (-1.64%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$7.17
$7.29
50-Day Range
$6.52
$7.68
52-Week Range
$6.41
$16.01
Volume
3.51 million shs
Average Volume
6.64 million shs
Market Capitalization
$4.84 billion
P/E Ratio
119.67
Dividend Yield
9.91%
Price Target
$10.22

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
41.7% Upside
$10.22 Price Target
Short Interest
Healthy
3.32% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
1.52mentions of Algonquin Power & Utilities in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.45%
From $0.67 to $0.60 Per Share

Overall MarketRank

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

3.17 out of 5 stars

Utilities Sector

2nd out of 85 stocks

Electric Services Industry

1st out of 42 stocks


AQN stock logo

About Algonquin Power & Utilities (NYSE:AQN) Stock

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States and Canada. The Renewable Energy Group segment owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

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AQN Stock News Headlines

The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Better Buy: Shopify or Algonquin Stock?
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
2 TSX Utilities I’d Buy Over Algonquin Stock Right Now
Expert Ratings for Algonquin Power
Company News for Nov 14, 2022
See More Headlines
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AQN Company Calendar

Last Earnings
11/11/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
1/30/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
3,441
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.22
High Stock Price Forecast
$14.25
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+42.3%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$264.86 million
Pretax Margin
-3.99%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$1.25 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
673,955,000
Market Cap
$4.84 billion
Optionable
Not Optionable
Beta
0.48

Key Executives

  • Arun Banskota
    President, Chief Executive Officer & Director
  • Johnny Johnston
    Chief Operating Officer
  • Darren G. Myers
    Chief Financial Officer
  • Colin Michael Penny
    Executive VP-IT & Digital Transformation
  • Mary Ellen Paravalos
    Chief Compliance & Risk Officer













AQN Stock - Frequently Asked Questions

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

9 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, 5 hold ratings and 3 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.

What is Algonquin Power & Utilities' stock price forecast for 2023?

9 analysts have issued twelve-month target prices for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $7.50 to $14.25. On average, they anticipate the company's share price to reach $10.22 in the next year. This suggests a possible upside of 41.9% 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 on January 1st, 2023. Since then, AQN stock has increased by 10.4% and is now trading at $7.20.
View the best growth stocks for 2023 here
.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a drop in short interest in January. As of January 15th, there was short interest totaling 22,660,000 shares, a drop of 40.2% from the December 31st total of 37,900,000 shares. Based on an average trading volume of 6,940,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.3% of the company's shares are sold short.
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 Thursday, March 2nd 2023.
View our AQN earnings forecast
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its earnings results on Friday, November, 11th. The utilities provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.05. The utilities provider earned $666.72 million during the quarter, compared to analyst estimates of $614.83 million. Algonquin Power & Utilities had a net margin of 1.45% and a trailing twelve-month return on equity of 6.65%.

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 11th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.181 per share on Friday, January 13th. This represents a $0.72 annualized dividend and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, December 29th. This is a positive change from the stock's previous quarterly dividend of $0.18.
Read our dividend analysis for AQN
.

Is Algonquin Power & Utilities a good dividend stock?

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.72 per share and currently has a dividend yield of 9.91%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 1,200.00%. 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 120.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AQN.

What guidance has Algonquin Power & Utilities issued on next quarter's earnings?

Algonquin Power & Utilities updated its FY 2023 earnings guidance on Thursday, January, 12th. The company provided earnings per share (EPS) guidance of $0.55-$0.61 for the period, compared to the consensus EPS estimate of $0.68. The company issued revenue guidance of -.

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).

What is Algonquin Power & Utilities' stock symbol?

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

Who are Algonquin Power & Utilities' major shareholders?

Algonquin Power & Utilities' stock is owned by a number of retail and institutional investors. Top institutional shareholders include National Bank of Canada FI (1.28%), Copeland Capital Management LLC (0.40%), Sumitomo Mitsui Trust Holdings Inc. (0.25%), Ceredex Value Advisors LLC (0.25%), Verity & Verity LLC (0.07%) and Naples Global Advisors LLC (0.05%).

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.

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately $7.20.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $4.85 billion and generates $2.29 billion in revenue each year. The utilities provider earns $264.86 million in net income (profit) each year or $0.06 on an earnings per share basis.

How many employees does Algonquin Power & Utilities have?

The company employs 3,441 workers across the globe.

How can I contact Algonquin Power & Utilities?

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.

This page (NYSE:AQN) was last updated on 1/30/2023 by MarketBeat.com Staff