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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 5 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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8 Wall Street analysts have issued 12-month price objectives for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $15.50 to $18.00. On average, they predict the company's stock price to reach $16.29 in the next twelve months. This suggests a possible upside of 13.3% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $14.45 at the beginning of the year. Since then, AQN stock has decreased by 0.6% and is now trading at $14.37.
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Algonquin Power & Utilities saw a decrease in short interest in the month of July. As of July 15th, there was short interest totaling 15,270,000 shares, a decrease of 31.3% from the June 30th total of 22,220,000 shares. Based on an average trading volume of 2,200,000 shares, the short-interest ratio is presently 6.9 days. Approximately 2.3% 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, November 10th 2022.
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Algonquin Power & Utilities Corp. (NYSE:AQN) announced its quarterly earnings data on Thursday, August, 11th. The utilities provider reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Algonquin Power & Utilities had a trailing twelve-month return on equity of 7.05% and a net margin of 8.27%. During the same period last year, the company earned $0.15 EPS.

Algonquin Power & Utilities announced a quarterly dividend on Monday, August 15th. Shareholders of record on Thursday, September 29th will be paid a dividend of $0.1808 per share on Friday, October 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date is Wednesday, September 28th.
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 5.00%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 240.00%. 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 90.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AQN.

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 variety of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (2.40%), Bank of Nova Scotia (2.01%), Toronto Dominion Bank (1.64%), Cibc World Market Inc. (1.59%), Mackenzie Financial Corp (1.04%) and Scotia Capital Inc. (0.99%).

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 $14.37.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $9.68 billion and generates $2.29 billion in revenue each year. The utilities provider earns $264.86 million in net income (profit) each year or $0.30 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.