Algonquin Power & Utilities Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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.
View analyst ratings for Algonquin Power & Utilities or view top-rated stocks.

Wall Street analysts have given Algonquin Power & Utilities a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Algonquin Power & Utilities wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Algonquin Power & Utilities.

Algonquin Power & Utilities Corp. (NYSE:AQN) issued its quarterly earnings results on Thursday, November, 12th. The utilities provider reported $0.15 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.01. The utilities provider earned $376.12 million during the quarter, compared to analysts' expectations of $389.86 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 7.87% and a net margin of 27.73%.
View Algonquin Power & Utilities' earnings history.

Algonquin Power & Utilities' stock was trading at $13.65 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AQN stock has increased by 14.3% and is now trading at $15.60.
View which stocks have been most impacted by COVID-19.

Algonquin Power & Utilities announced a quarterly dividend on Monday, November 16th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.1551 per share on Friday, January 15th. This represents a $0.62 annualized dividend and a yield of 3.98%. The ex-dividend date is Wednesday, December 30th.
View Algonquin Power & Utilities' dividend history.

Algonquin Power & Utilities pays an annual dividend of $0.62 per share and currently has a dividend yield of 3.90%. Algonquin Power & Utilities has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of Algonquin Power & Utilities is 98.41%. 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 84.93% in the coming year. This indicates that Algonquin Power & Utilities may not be able to sustain their current dividend.
View Algonquin Power & Utilities' dividend history.

Algonquin Power & Utilities issued an update on its FY 2021 Pre-Market earnings guidance on Monday, December, 14th. The company provided earnings per share guidance of 0.71-0.76 for the period.

9 analysts have issued twelve-month price targets for Algonquin Power & Utilities' stock. Their forecasts range from $13.50 to $20.00. On average, they anticipate Algonquin Power & Utilities' share price to reach $16.53 in the next year. This suggests a possible upside of 5.9% from the stock's current price.
View analysts' price targets for Algonquin Power & Utilities or view top-rated stocks among Wall Street analysts.

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), CLP (CLPHY), DTE Energy (DTE), EDP - Energias de Portugal (EDPFY), Edison International (EIX), PPL (PPL), SSE (SSEZY), Fortis (FTS), FirstEnergy (FE), Entergy (ETR), Tenaga Nasional Berhad (TNABY), Avangrid (AGR), Korea Electric Power (KEP), Brookfield Renewable Partners (BEP) and CenterPoint Energy (CNP).
View all of AQN's competitors.

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), The 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 many different institutional and retail investors. Top institutional shareholders include Toronto Dominion Bank (2.44%), Norges Bank (1.23%), Credit Suisse AG (1.05%), BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp (0.93%), Scotia Capital Inc. (0.81%) and CIBC Asset Management Inc (0.77%).

AQN stock was sold by a variety of institutional investors in the last quarter, including Credit Suisse AG, AGF Investments Inc., Renaissance Technologies LLC, LGT Capital Partners LTD., Public Sector Pension Investment Board, QV Investors Inc., Morgan Stanley, and Sumitomo Mitsui Trust Holdings Inc..

AQN stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Toronto Dominion Bank, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Citigroup Inc., John G Ullman & Associates Inc., Janus Henderson Group PLC, Scotia Capital Inc., and Van ECK Associates Corp.

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.
Compare Top Brokerages Here.

One share of AQN stock can currently be purchased for approximately $15.60.

Algonquin Power & Utilities has a market capitalization of $9.34 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.

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

Algonquin Power & Utilities is headquartered at 354 DAVIS ROAD, OAKVILLE A6, L6J2X1.

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]