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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 6 hold ratings and 3 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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9 analysts have issued 1 year target prices for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $15.50 to $18.00. On average, they expect the company's stock price to reach $16.31 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $14.45 at the beginning of 2022. Since then, AQN stock has decreased by 1.1% and is now trading at $14.29.
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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 daily volume of 2,200,000 shares, the short-interest ratio is currently 6.9 days. Approximately 2.3% of the shares of the stock are short sold.
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Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our AQN earnings forecast.

Algonquin Power & Utilities will be holding an earnings conference call on Friday, August 12th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its earnings results on Thursday, May, 12th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by $0.01. The utilities provider earned $735.70 million during the quarter, compared to the consensus estimate of $709.61 million. Algonquin Power & Utilities had a net margin of 14.33% and a trailing twelve-month return on equity of 6.88%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share.

Algonquin Power & Utilities announced a quarterly dividend on Thursday, May 12th. Investors of record on Thursday, June 30th will be paid a dividend of $0.363 per share on Friday, July 15th. This represents a $1.45 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from the stock's previous quarterly dividend of $0.17.
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 5.04%. 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 141.18%. 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 retail and institutional investors. Top institutional shareholders include TD Asset Management Inc. (2.40%), Bank of Nova Scotia (2.01%), Scotia Capital Inc. (0.99%), Connor Clark & Lunn Investment Management Ltd. (0.97%), National Bank of Canada FI (0.73%) and Copeland Capital Management LLC (0.52%).

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 $14.29.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $9.63 billion and generates $2.29 billion in revenue each year. The utilities provider earns $264.86 million in net income (profit) each year or $0.51 on an earnings per share basis.

Algonquin Power & Utilities 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.