Algonquin Power & Utilities Stock Forecast, Price & News

9 Wall Street research 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 research analysts is that investors should "hold" Algonquin Power & Utilities stock. 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 brokers have issued 1 year price targets for Algonquin Power & Utilities' stock. Their AQN stock forecasts range from $15.50 to $18.00. On average, they anticipate Algonquin Power & Utilities' share price to reach $16.31 in the next year. This suggests a possible upside of 17.7% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $14.45 at the beginning of the year. Since then, AQN shares have decreased by 4.1% and is now trading at $13.86.
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Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
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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, meeting the consensus estimate of $0.21. The utilities provider had revenue of $735.70 million for the quarter, compared to analyst estimates of $709.61 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 6.88% and a net margin of 14.33%. Algonquin Power & Utilities's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share.
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Algonquin Power & Utilities declared a quarterly dividend on Thursday, May 12th. Investors of record on Thursday, June 30th will be given a dividend of $0.363 per share on Friday, July 15th. This represents a $1.45 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from Algonquin Power & Utilities's previous quarterly dividend of $0.17.
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Algonquin Power & Utilities(NYSE:AQN) pays an annual dividend of $0.68 per share and currently has a dividend yield of 5.03%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Algonquin Power & Utilities 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 of Algonquin Power & Utilities is 133.34%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Algonquin Power & Utilities will have a dividend payout ratio of 85.00% in the coming year. This indicates that Algonquin Power & Utilities may not be able to sustain their current dividend.
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Algonquin Power & Utilities issued an update on its FY 2022 earnings guidance on Friday, April, 1st. The company provided earnings per share guidance of $0.720-$0.770 for the period, compared to the consensus estimate of $0.760. The company issued revenue guidance of -.

25 employees have rated Algonquin Power & Utilities CEO Ian Robertson on Glassdoor.com. Ian Robertson has an approval rating of 85% among Algonquin Power & Utilities' employees.

Some companies that are related to Algonquin Power & Utilities include Eversource Energy (ES), Edison International (EIX), DTE Energy (DTE), Entergy (ETR), Fortis (FTS), FirstEnergy (FE), CLP (CLPHY), PPL (PPL), EDP - Energias de Portugal (EDPFY), CenterPoint Energy (CNP), Avangrid (AGR), Centrais Elétricas Brasileiras S.A. - Eletrobrás (EBR), Tenaga Nasional Berhad (TNABY), Korea Electric Power (KEP) and Vistra (VST).
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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 institutional and retail investors. Top institutional investors include Bank of Montreal Can (5.79%), Royal Bank of Canada (4.61%), Vanguard Group Inc. (3.34%), TD Asset Management Inc. (2.44%), Toronto Dominion Bank (1.66%) and Bank of Nova Scotia (1.50%).

AQN stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Royal Bank of Canada, Healthcare of Ontario Pension Plan Trust Fund, TD Asset Management Inc., DekaBank Deutsche Girozentrale, Hsbc Holdings PLC, First Trust Advisors LP, and Toronto Dominion Bank.

AQN stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Connor Clark & Lunn Investment Management Ltd., Bank of Nova Scotia, Renaissance Technologies LLC, Vanguard Group Inc., Mackenzie Financial Corp, Federated Hermes Inc., and Invesco Ltd..

Shares of AQN 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 $13.86.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $9.34 billion and generates $2.29 billion in revenue each year. The utilities provider earns $264.86 million in net income (profit) each year or $0.509990 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 Algonquin Power & Utilities is algonquinpower.com. The utilities provider can be reached via phone at (905) 465-4500, via email at [email protected], or via fax at 905-465-4514.