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

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.
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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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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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%.

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.

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.

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 -.

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 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%).

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 $7.20.

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.

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.