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NYSE:AQN

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

$8.25
+0.24 (+3.00%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$8.02
$8.28
50-Day Range
$6.94
$8.04
52-Week Range
$6.41
$16.01
Volume
5.89 million shs
Average Volume
5.42 million shs
Market Capitalization
$5.68 billion
P/E Ratio
N/A
Dividend Yield
8.73%
Price Target
$9.86

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.30 Rating Score
Upside/​Downside
19.5% Upside
$9.86 Price Target
Short Interest
Healthy
3.72% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-0.70
Upright™ Environmental Score
News Sentiment
0.64mentions of Algonquin Power & Utilities in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.45%
From $0.58 to $0.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Utilities Sector

34th out of 85 stocks

Electric Services Industry

19th out of 41 stocks


AQN stock logo

About Algonquin Power & Utilities (NYSE:AQN) Stock

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States and Canada. The Renewable Energy Group segment owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

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AQN Stock News Headlines

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Urgent Warning
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Algonquin Power & Utilities (AQN) Receives a Hold from RBC Capital
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Wells Fargo Remains a Buy on Algonquin Power & Utilities (AQN)
NRG Energy (NRG) Tops Q4 Earnings Estimates
See More Headlines
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AQN Company Calendar

Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Last Earnings
3/17/2023
Today
3/29/2023
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Next Earnings (Estimated)
5/11/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
3,951
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$9.86
High Stock Price Forecast
$14.25
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.30
Research Coverage
10 Analysts

Profitability

Net Income
$-211,990,000.00
Pretax Margin
-13.37%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$1.38 per share
Book Value
$9.72 per share

Miscellaneous

Free Float
687,808,000
Market Cap
$5.62 billion
Optionable
Not Optionable
Beta
0.49

Key Executives

  • Arun Banskota
    President, Chief Executive Officer & Director
  • Johnny Johnston
    Chief Operating Officer
  • Darren G. Myers
    Chief Financial Officer
  • Colin Michael Penny
    Executive VP-IT & Digital Transformation
  • Mary Ellen Paravalos
    Chief Compliance & Risk Officer













AQN Stock - Frequently Asked Questions

Should I buy or sell Algonquin Power & Utilities stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 4 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.
View AQN analyst ratings
or view top-rated stocks.

What is Algonquin Power & Utilities' stock price forecast for 2023?

10 Wall Street research analysts have issued 12 month price objectives for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $7.50 to $14.25. On average, they anticipate the company's share price to reach $9.86 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts price targets for AQN
or view top-rated stocks among Wall Street analysts.

How have AQN shares performed in 2023?

Algonquin Power & Utilities' stock was trading at $6.52 at the beginning of 2023. Since then, AQN shares have increased by 25.3% and is now trading at $8.17.
View the best growth stocks for 2023 here
.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 25,950,000 shares, an increase of 12.1% from the February 13th total of 23,140,000 shares. Based on an average daily trading volume, of 6,080,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.8% of the company's stock are short sold.
View Algonquin Power & Utilities' Short Interest
.

When is Algonquin Power & Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our AQN earnings forecast
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) issued its earnings results on Friday, March, 17th. The utilities provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The utilities provider had revenue of $748 million for the quarter, compared to the consensus estimate of $703.54 million. Algonquin Power & Utilities had a negative net margin of 7.64% and a positive trailing twelve-month return on equity of 7.01%. Algonquin Power & Utilities's revenue was up 26.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS.

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 Friday, March 17th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.1085 per share on Friday, April 14th. This represents a $0.43 annualized dividend and a yield of 5.31%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for AQN
.

Is Algonquin Power & Utilities a good dividend stock?

Algonquin Power & Utilities (NYSE:AQN) pays an annual dividend of $0.72 per share and currently has a dividend yield of 9.02%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for AQN.

What guidance has Algonquin Power & Utilities issued on next quarter's earnings?

Algonquin Power & Utilities issued an update on its FY23 earnings guidance on Friday, March, 17th. The company provided earnings per share (EPS) guidance of $0.55-0.61 for the period, compared to the consensus estimate of $0.58.

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.

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), 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).

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 retail and institutional investors. Top institutional shareholders include Toronto Dominion Bank (4.16%), Norges Bank (2.41%), Bank of Nova Scotia (2.08%), TD Asset Management Inc (1.90%), Legal & General Group Plc (1.27%) and National Bank of Canada FI (1.28%).

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

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately $8.17.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $5.62 billion and generates $2.77 billion in revenue each year. The utilities provider earns $-211,990,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis.

How many employees does Algonquin Power & Utilities have?

The company employs 3,951 workers across the globe.

How can I contact Algonquin Power & Utilities?

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.

This page (NYSE:AQN) was last updated on 3/29/2023 by MarketBeat.com Staff