Algonquin Power & Utilities Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Algonquin Power & Utilities stock. 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 analyst ratings for Algonquin Power & Utilities or view top-rated stocks.

Wall Street analysts have given Algonquin Power & Utilities a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Algonquin Power & Utilities wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 12th 2021.
View our earnings forecast for Algonquin Power & Utilities.

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its quarterly earnings data on Thursday, May, 6th. The utilities provider reported $0.20 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.01. The utilities provider had revenue of $634.50 million for the quarter, compared to the consensus estimate of $571.53 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 7.55% and a net margin of 46.58%. Algonquin Power & Utilities's revenue was up 36.5% on a year-over-year basis. During the same period last year, the business posted $0.19 EPS.
View Algonquin Power & Utilities' earnings history.

Algonquin Power & Utilities' stock was trading at $13.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AQN stock has increased by 11.1% and is now trading at $15.17.
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Algonquin Power & Utilities declared a quarterly dividend on Monday, May 10th. Stockholders of record on Wednesday, June 30th will be paid a dividend of $0.1706 per share on Thursday, July 15th. This represents a $0.68 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Tuesday, June 29th. This is a boost from Algonquin Power & Utilities's previous quarterly dividend of $0.16.
View Algonquin Power & Utilities' dividend history.

Algonquin Power & Utilities pays an annual dividend of $0.47 per share and currently has a dividend yield of 3.12%. Algonquin Power & Utilities has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Algonquin Power & Utilities is 73.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Algonquin Power & Utilities will have a dividend payout ratio of 57.32% next year. This indicates that Algonquin Power & Utilities will be able to sustain or increase its dividend.
View Algonquin Power & Utilities' dividend history.

8 equities research analysts have issued twelve-month price targets for Algonquin Power & Utilities' stock. Their forecasts range from $13.50 to $19.00. On average, they anticipate Algonquin Power & Utilities' stock price to reach $16.75 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
View analysts' price targets for Algonquin Power & Utilities or view top-rated stocks among Wall Street analysts.

25 employees have rated Algonquin Power & Utilities CEO Ian Robertson on Glassdoor.com. Ian Robertson has an approval rating of 85% among Algonquin Power & Utilities' employees.

Some companies that are related to Algonquin Power & Utilities include Eversource Energy (ES), DTE Energy (DTE), CLP (CLPHY), SSE (SSEZY), EDP - Energias de Portugal (EDPFY), PPL (PPL), Fortis (FTS), Edison International (EIX), Entergy (ETR), FirstEnergy (FE), Avangrid (AGR), Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR), CenterPoint Energy (CNP), Korea Electric Power (KEP) and Tenaga Nasional Berhad (TNABY).
View all of AQN's competitors.

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), The 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 many different institutional and retail investors. Top institutional investors include Bank of Montreal Can (6.83%), TD Asset Management Inc. (2.77%), Toronto Dominion Bank (2.73%), Bank of Nova Scotia (1.55%), Credit Suisse AG (0.91%) and Scotia Capital Inc. (0.86%).

AQN stock was sold by a variety of institutional investors in the last quarter, including BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Great West Life Assurance Co. Can, Bank of Nova Scotia, Renaissance Technologies LLC, Credit Suisse AG, Kayne Anderson Capital Advisors LP, Crossmark Global Holdings Inc., and AGF Investments Inc..

AQN stock was acquired by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Toronto Dominion Bank, Morgan Stanley, Mufg Securities Canada LTD., Bank of Montreal Can, APG Asset Management N.V., The Manufacturers Life Insurance Company, and Goldman Sachs Group Inc..

Shares of AQN 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 $15.17.

Algonquin Power & Utilities has a market capitalization of $9.28 billion and generates $1.68 billion in revenue each year. The utilities provider earns $782.46 million in net income (profit) each year or $0.64 on an earnings per share basis.

Algonquin Power & Utilities employs 3,441 workers across the globe.

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

Algonquin Power & Utilities is headquartered at 354 DAVIS ROAD, OAKVILLE A6, L6J2X1.

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]