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NYSE:AQN

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

$11.73
+0.29 (+2.53%)
(As of 10/4/2022 02:51 PM ET)
Add
Compare
Today's Range
$11.54
$11.77
50-Day Range
$10.91
$14.55
52-Week Range
$10.90
$16.01
Volume
281,472 shs
Average Volume
2.15 million shs
Market Capitalization
$7.90 billion
P/E Ratio
39.10
Dividend Yield
6.63%
Price Target
$16.29

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
38.8% Upside
$16.29 Price Target
Short Interest
Bearish
3.15% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.32
Upright™ Environmental Score
News Sentiment
-0.13mentions of Algonquin Power & Utilities in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.46%
From $0.74 to $0.81 Per Share

Overall MarketRank

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

2.47 out of 5 stars

Utilities Sector

30th out of 88 stocks

Electric Services Industry

15th out of 43 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. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

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AQN Stock News Headlines

5 Reasons Algonquin Power Stock Is Down 25%
Algonquin Power Is The Only Water Utility I Own
AQN Algonquin Power & Utilities Corp.
Algonquin Power & Utilities is Oversold
See More Headlines
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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
Ex-Dividend for 10/14 Dividend
9/28/2022
Today
10/04/2022
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
+38.8%
Consensus Rating
Hold
Rating Score (0-4)
2.38
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
$1.36 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
673,340,000
Market Cap
$7.90 billion
Optionable
Not Optionable
Beta
0.58

Key Executives

  • Mr. Arun Banskota (Age 61)
    Pres, CEO & Director
    Comp: $1.7M
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 50)
    Chief Legal Officer & Corp. Sec.
    Comp: $589.49k
  • Mr. Jeffery Norman (Age 53)
    Chief Devel. Officer
    Comp: $649.07k
  • Mr. Arthur Kacprzak
    Advisor
  • Mr. Darren G. Myers (Age 48)
    Chief Financial Officer
  • 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













AQN Stock - Frequently Asked Questions

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

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 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.
View AQN analyst ratings
or view top-rated stocks.

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

8 Wall Street analysts have issued 1-year price objectives for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from $15.50 to $18.00. On average, they expect the company's stock price to reach $16.29 in the next twelve months. This suggests a possible upside of 39.3% 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 on January 1st, 2022. Since then, AQN stock has decreased by 19.1% and is now trading at $11.69.
View the best growth stocks for 2022 here
.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 21,330,000 shares, an increase of 47.2% from the August 31st total of 14,490,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the days-to-cover ratio is presently 13.1 days. Currently, 3.2% of the company's shares are sold short.
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 earnings results on Thursday, August, 11th. The utilities provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. The utilities provider earned $624.30 million during the quarter, compared to analysts' expectations of $605.79 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 7.04% and a net margin of 8.27%. During the same quarter last 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 declared a quarterly dividend on Monday, August 15th. Stockholders 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 6.19%. 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 6.63%. 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 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 88.89% 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."

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 $11.69.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $7.88 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 10/4/2022 by MarketBeat.com Staff

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