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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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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10 Wall Street analysts have issued 1 year target prices for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $10.00 to $16.00. On average, they expect the company's share price to reach $12.33 in the next year. This suggests a possible upside of 63.4% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $14.45 on January 1st, 2022. Since then, AQN stock has decreased by 47.8% and is now trading at $7.55.
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Algonquin Power & Utilities saw a increase in short interest in November. As of November 15th, there was short interest totaling 21,740,000 shares, an increase of 7.1% from the October 31st total of 20,300,000 shares. Based on an average daily trading volume, of 3,830,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 3.2% of the shares of the company are short sold.
View Algonquin Power & Utilities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our AQN earnings forecast.

Algonquin Power & Utilities Corp. (NYSE:AQN) released its earnings results on Thursday, November, 11th. The utilities provider reported $0.15 EPS for the quarter, hitting analysts' consensus estimates of $0.15. The utilities provider earned $528.58 million during the quarter, compared to analyst estimates of $465.58 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 6.65% and a net margin of 1.45%. During the same period last year, the company earned $0.15 earnings per share.

Algonquin Power & Utilities announced a quarterly dividend on Friday, November 11th. Stockholders 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 yield of 9.59%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost 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 9.49%. 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 10 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 97.30% 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 issued an update on its FY22 earnings guidance on Friday, November, 11th. The company provided earnings per share (EPS) guidance of $0.66-0.69 for the period, compared to the consensus earnings per share estimate of $0.74.

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 many different retail and institutional investors. Top institutional investors include Royal Bank of Canada (5.39%), Vanguard Group Inc. (3.51%), TD Asset Management Inc. (2.40%), Toronto Dominion Bank (1.81%), Connor Clark & Lunn Investment Management Ltd. (0.98%) and National Bank of Canada FI (0.71%).

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 $7.55.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $5.12 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.