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NYSE:AQN

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

$14.27
-0.10 (-0.70%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$14.21
$14.33
50-Day Range
$12.96
$14.55
52-Week Range
$12.88
$16.01
Volume
946,809 shs
Average Volume
2.05 million shs
Market Capitalization
$9.61 billion
P/E Ratio
47.57
Dividend Yield
5.01%
Price Target
$16.31

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
14.1% Upside
$16.29 Price Target
Short Interest
Healthy
2.21% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
-0.17mentions of Algonquin Power & Utilities in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.11%
From $0.74 to $0.80 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Utilities Sector

28th out of 87 stocks

Electric Services Industry

13th out of 42 stocks

AQN stock logo

About Algonquin Power & Utilities (NYSE:AQN) Stock

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.3 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. As of December 31, 2021, it serves approximately 307,000 electric connections; 373,000 natural gas connections; and 413,000 regulated water distribution and wastewater collection utility systems. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

Algonquin Power & Utilities Stock Performance

NYSE:AQN traded down $0.12 during trading hours on Friday, hitting $14.25. The company had a trading volume of 47,130 shares, compared to its average volume of 1,448,284. Algonquin Power & Utilities has a fifty-two week low of $12.88 and a fifty-two week high of $16.01. The company has a quick ratio of 0.79, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $13.71 and a 200-day simple moving average of $14.35. The firm has a market cap of $9.60 billion, a P/E ratio of 47.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.45.

Algonquin Power & Utilities (NYSE:AQN - Get Rating) last issued its earnings results on Thursday, August 11th. The utilities provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Algonquin Power & Utilities had a return on equity of 7.05% and a net margin of 8.27%. During the same period last year, the firm earned $0.15 EPS. Equities analysts predict that Algonquin Power & Utilities will post 0.74 EPS for the current year.

Algonquin Power & Utilities Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Thursday, September 29th will be given a $0.1808 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.08%. Algonquin Power & Utilities's dividend payout ratio (DPR) is 240.00%.

Analysts Set New Price Targets

A number of analysts have commented on the company. National Bankshares downgraded Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $16.00 target price on the stock. in a research report on Wednesday, May 4th. Raymond James decreased their target price on Algonquin Power & Utilities from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Friday, May 13th. TD Securities reduced their price objective on Algonquin Power & Utilities from $17.00 to $16.50 and set a "buy" rating on the stock in a research report on Monday, May 16th. National Bank Financial downgraded Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $16.00 price objective on the stock. in a research report on Wednesday, May 4th. Finally, Credit Suisse Group reduced their price objective on Algonquin Power & Utilities to $16.00 in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $16.31.

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AQN Stock News Headlines

Unitil (UTL) Q1 Earnings Meet Estimates
Shares of AQN Now Oversold
PG&E (PCG) Beats Q1 Earnings and Revenue Estimates
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AQN Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Last Earnings
8/11/2022
Today
8/19/2022
Ex-Dividend for 10/14 Dividend
9/28/2022
Dividend Payable
10/14/2022
Next Earnings (Estimated)
11/10/2022
Fiscal Year End
12/31/2022

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
$16.29
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$15.50
Forecasted Upside/Downside
+14.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
8 Analysts

Profitability

Net Income
$264.86 million
Pretax Margin
2.55%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.25 per share
Book Value
$10.16 per share

Miscellaneous

Free Float
N/A
Market Cap
$9.61 billion
Optionable
Not Optionable
Beta
0.45

Key Executives

  • Mr. Arun Banskota (Age 61)
    Pres, CEO & Director
    Comp: $1.75M
  • Mr. Arthur Kacprzak
    Chief Financial Officer
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 50)
    Chief Legal Officer & Corp. Sec.
    Comp: $609.11k
  • Mr. Jeffery Norman (Age 53)
    Chief Devel. Officer
    Comp: $670.67k
  • Amelia Tsang
    VP of Investor Relations
  • Ms. Mary Ellen Paravalos
    Chief Compliance & Risk Officer
  • Stephanie Bose
    Director of Corp. Communications
  • Ms. Kirsten Olsen
    Chief HR Officer
  • Mr. Michael Dilworth
    Sr. VP of Solar Devel. Group













AQN Stock - Frequently Asked Questions

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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. 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.
View AQN analyst ratings
or view top-rated stocks.

What is Algonquin Power & Utilities' stock price forecast for 2022?

8 Wall Street research analysts have issued 12 month price targets for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $15.50 to $18.00. On average, they predict the company's share price to reach $16.29 in the next twelve months. This suggests a possible upside of 14.1% 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 2022?

Algonquin Power & Utilities' stock was trading at $14.45 at the start of the year. Since then, AQN stock has decreased by 1.2% and is now trading at $14.27.
View the best growth stocks for 2022 here
.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a decrease in short interest during 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 daily trading volume, of 2,200,000 shares, the days-to-cover ratio is currently 6.9 days. Approximately 2.3% of the company's stock are short sold.
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, November 10th 2022.
View our AQN earnings forecast
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its quarterly earnings results on Thursday, August, 11th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. Algonquin Power & Utilities had a net margin of 8.27% and a trailing twelve-month return on equity of 7.05%. During the same period in the previous year, the company earned $0.15 EPS.

How often does Algonquin Power & Utilities pay dividends? What is the dividend yield for Algonquin Power & Utilities?

Algonquin Power & Utilities announced a quarterly dividend on Monday, August 15th. Investors 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 5.07%. The ex-dividend date is Wednesday, September 28th.
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 5.01%. 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.

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 many different institutional and retail investors. Top institutional shareholders 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%).

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 $14.27.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $9.61 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.

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 8/19/2022 by MarketBeat.com Staff

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