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NYSE:AQN

Algonquin Power & Utilities (AQN) Stock Price, News & Analysis

$6.18
-0.08 (-1.28%)
(As of 07/17/2024 ET)
Today's Range
$6.18
$6.30
50-Day Range
$5.73
$6.76
52-Week Range
$4.90
$8.49
Volume
5.96 million shs
Average Volume
5.39 million shs
Market Capitalization
$4.74 billion
P/E Ratio
N/A
Dividend Yield
6.95%
Price Target
$7.38

Algonquin Power & Utilities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
19.5% Upside
$7.38 Price Target
Short Interest
Healthy
1.43% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.20
Upright™ Environmental Score
News Sentiment
0.41mentions of Algonquin Power & Utilities in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.70%
From $0.46 to $0.50 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.79 out of 5 stars

Utilities Sector

8th out of 87 stocks

Electric Services Industry

5th out of 41 stocks

AQN stock logo

About Algonquin Power & Utilities Stock (NYSE:AQN)

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

AQN Stock Price History

AQN Stock News Headlines

Central Bank Ditches U.S. Dollar
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
Central Bank Ditches U.S. Dollar
Startling new evidence shows the U.S. Central Bank is abandoning the currency we’ve relied on for centuries – the United States Dollar… And placing a ‘quiet bet’ on a new type of currency… Gold.
3 Green Energy Stocks to Buck the Bearish Trend
See More Headlines
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Company Calendar

Last Earnings
5/10/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Today
7/17/2024
Next Earnings (Confirmed)
8/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Employees
3,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.38
High Stock Price Target
$10.00
Low Stock Price Target
$5.50
Potential Upside/Downside
+19.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$28.67 million
Pretax Margin
-19.78%

Debt

Sales & Book Value

Annual Sales
$2.70 billion
Cash Flow
$1.21 per share
Book Value
$9.35 per share

Miscellaneous

Free Float
766,303,000
Market Cap
$4.74 billion
Optionable
Not Optionable
Beta
0.66
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Key Executives

  • Mr. Darren G. Myers (Age 50)
    Chief Financial Officer
    Comp: $893.14k
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 52)
    Chief Legal Officer & Corporate Secretary
    Comp: $615.25k
  • Mr. Jeffery Norman (Age 55)
    President of Renewables
    Comp: $615.28k
  • Mr. Colin Michael Penny
    Chief Information Officer
  • Mr. Brian James Chin CPA (Age 50)
    Vice President of Investor Relations
  • Stephanie Bose
    Director of Corporate Communications
  • Ms. Sarah R. MacDonald B.A (Age 55)
    LL.B, M.B.A, Chief Human Resources Officer
  • Ms. Brenda Dale Marshall
    Senior Vice President of Wind Development
  • Ms. Alison Holditch
    Investor Relations Officer

AQN Stock Analysis - Frequently Asked Questions

How have AQN shares performed this year?

Algonquin Power & Utilities' stock was trading at $6.32 at the beginning of the year. Since then, AQN shares have decreased by 2.2% and is now trading at $6.18.
View the best growth stocks for 2024 here
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) announced its quarterly earnings data on Friday, May, 10th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.01. Algonquin Power & Utilities's revenue was down 5.3% on a year-over-year basis.

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.

Who are Algonquin Power & Utilities' major shareholders?

Top institutional investors of Algonquin Power & Utilities include Manning & Napier Advisors LLC (0.05%), Value Partners Investments Inc. and Kingswood Wealth Advisors LLC.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Algonquin Power & Utilities own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Algonquin Power & Utilities investors own include AT&T (T), Intel (INTC), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), Home Depot (HD), AbbVie (ABBV) and NVIDIA (NVDA).

This page (NYSE:AQN) was last updated on 7/17/2024 by MarketBeat.com Staff

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