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NYSE:AQNAlgonquin Power & Utilities Stock Price, Forecast & News

$13.43
+0.14 (+1.05 %)
(As of 05/22/2020 04:00 PM ET)
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Today's Range
$13.08
Now: $13.43
$13.44
50-Day Range
$12.54
MA: $13.59
$14.43
52-Week Range
$9.53
Now: $13.43
$16.85
Volume362,012 shs
Average Volume722,478 shs
Market Capitalization$7.06 billion
P/E Ratio17.91
Dividend Yield4.20%
Beta0.52
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 and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with a combined gross generating capacity of approximately 1.5 gigawatt; a portfolio of regulated electric, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 266,000 electric connections; 338,000 natural gas connections; and 164,000 regulated water distribution and wastewater collection utility systems in the states of California, New Hampshire, Missouri, Kansas, Oklahoma, Arkansas, Georgia, Illinois, Iowa, Massachusetts, Arizona, and Texas. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
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Algonquin Power & Utilities logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.04 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryN/A
SectorUtilities
CUSIPN/A
Phone905-465-4500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.62 billion
Cash Flow$1.15 per share
Book Value$7.65 per share

Profitability

Net Income$530.88 million

Miscellaneous

Employees2,469
Market Cap$7.06 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableNot Optionable

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Algonquin Power & Utilities (NYSE:AQN) Frequently Asked Questions

How has Algonquin Power & Utilities' stock been impacted by COVID-19 (Coronavirus)?

Algonquin Power & Utilities' stock was trading at $13.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AQN shares have decreased by 1.6% and is now trading at $13.43. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Algonquin Power & Utilities?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 1 sell rating, 6 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Algonquin Power & Utilities.

When is Algonquin Power & Utilities' next earnings date?

Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Algonquin Power & Utilities.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp (NYSE:AQN) announced its quarterly earnings data on Thursday, May, 7th. The utilities provider reported $0.19 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.21 by $0.02. The utilities provider earned $464.90 million during the quarter, compared to the consensus estimate of $513.53 million. Algonquin Power & Utilities had a net margin of 23.59% and a return on equity of 8.46%. The company's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.19 EPS. View Algonquin Power & Utilities' earnings history.

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 Thursday, May 7th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.155 per share on Wednesday, July 15th. This represents a $0.62 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Monday, June 29th. This is a positive change from Algonquin Power & Utilities's previous quarterly dividend of $0.14. View Algonquin Power & Utilities' dividend history.

What price target have analysts set for AQN?

13 analysts have issued twelve-month target prices for Algonquin Power & Utilities' stock. Their forecasts range from $13.00 to $19.00. On average, they anticipate Algonquin Power & Utilities' share price to reach $15.91 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View analysts' price targets for Algonquin Power & Utilities.

Has Algonquin Power & Utilities been receiving favorable news coverage?

Media headlines about AQN stock have been trending extremely negative on Monday, InfoTrie Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Algonquin Power & Utilities earned a coverage optimism score of -4.5 on InfoTrie's scale. They also assigned news coverage about the utilities provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutAlgonquin Power & Utilities.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,960,000 shares, an increase of 6.5% from the April 30th total of 2,780,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is currently 2.8 days. Currently, 0.6% of the shares of the stock are sold short. View Algonquin Power & Utilities' Current Options Chain.

Who are some of Algonquin Power & Utilities' key competitors?

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), Home Depot (HD), Verizon Communications (VZ), NVIDIA (NVDA), Alibaba Group (BABA), Intel (INTC), AbbVie (ABBV), Honeywell International (HON), Canopy Growth (CGC) and Walt Disney (DIS).

Who are Algonquin Power & Utilities' key executives?

Algonquin Power & Utilities' management team includes the following people:
  • Mr. Ian Edward Robertson PEng, MBA, CFA, C.Dir, CEO & Director (Age 60)
  • Mr. David Bronicheski, Chief Financial Officer (Age 60)
  • Mr. David James Pasieka, Chief Transformation Officer (Age 62)
  • Mr. Michael Snow, Chief Operating Officer of Renewable Generation Group (Age 58)
  • Mr. Anthony Johnston, Chief Operating Officer

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 a number of institutional and retail investors. Top institutional investors include Pictet Asset Management Ltd. (2.13%), Toronto Dominion Bank (1.34%), CIBC World Markets Inc. (1.05%), Invesco Ltd. (0.97%), Sumitomo Mitsui Trust Holdings Inc. (0.59%) and Copeland Capital Management LLC (0.55%).

Which institutional investors are selling Algonquin Power & Utilities stock?

AQN stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Intact Investment Management Inc., Cidel Asset Management Inc., Connor Clark & Lunn Investment Management Ltd., Russell Investments Group Ltd., Tortoise Advisors UK Ltd, Public Sector Pension Investment Board, and Mackenzie Financial Corp.

Which institutional investors are buying Algonquin Power & Utilities stock?

AQN stock was bought by a variety of institutional investors in the last quarter, including AGF Investments Inc., Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Zimmer Partners LP, Pictet Asset Management Ltd., Korea Investment CORP, and CIBC Asset Management Inc.

How do I buy shares of Algonquin Power & Utilities?

Shares of AQN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately $13.43.

How big of a company is Algonquin Power & Utilities?

Algonquin Power & Utilities has a market capitalization of $7.06 billion and generates $1.62 billion in revenue each year. The utilities provider earns $530.88 million in net income (profit) each year or $0.63 on an earnings per share basis. Algonquin Power & Utilities employs 2,469 workers across the globe.

What is Algonquin Power & Utilities' official website?

The official website for Algonquin Power & Utilities is algonquinpower.com.

How can I contact Algonquin Power & Utilities?

Algonquin Power & Utilities' mailing address is 354 DAVIS ROAD, OAKVILLE A6, L6J2X1. The utilities provider can be reached via phone at 905-465-4500 or via email at [email protected]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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