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

$14.21

-0.01 (-0.07 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$14.15

Now: $14.21▼

$14.40

50-Day Range

$13.19

MA: $13.69▼

$14.43

52-Week Range

$9.53

Now: $14.21▼

$16.85

Volume522,639 shs

Average Volume890,158 shs

Market Capitalization$7.49 billion

P/E Ratio18.95

Dividend Yield3.94%

Beta0.51

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.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Algonquin Power & Utilities has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $15.91, Algonquin Power & Utilities has a potential upside of 12.0% from its current price of $14.21.
Amount of Analyst Coverage
Algonquin Power & Utilities has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Algonquin Power & Utilities has received 216 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Algonquin Power & Utilities has received 264 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Algonquin Power & Utilities has received 55.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Algonquin Power & Utilities and other stocks. Vote “Outperform” if you believe AQN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe AQN will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Algonquin Power & Utilities is a leading dividend payer. It pays a dividend yield of 3.94%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Algonquin Power & Utilities has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Algonquin Power & Utilities is 88.89 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Algonquin Power & Utilities will have a dividend payout ratio of 73.68 % next year. This indicates that Algonquin Power & Utilities will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Algonquin Power & Utilities insiders have not sold or bought any company stock.
Percentage Held by Institutions
44.19% of the stock of Algonquin Power & Utilities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Algonquin Power & Utilities are expected to grow by 15.15% in the coming year, from $0.66 to $0.76 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Algonquin Power & Utilities is 18.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Algonquin Power & Utilities is 18.95, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 28.81.
Price to Earnings Growth Ratio
Algonquin Power & Utilities has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Algonquin Power & Utilities has a P/B Ratio of 1.77. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryN/A

SectorUtilities

Current SymbolNYSE:AQN

Previous Symbol

CUSIPN/A

CIK1174169

Webalgonquinpower.com

Phone905-465-4500

Debt

Debt-to-Equity Ratio1.01

Current Ratio0.91

Quick Ratio0.78

Price-To-Earnings

Trailing P/E Ratio18.95

Forward P/E Ratio21.53

P/E Growth2.48

Sales & Book Value

Annual Sales$1.62 billion

Price / Sales4.61

Cash Flow$1.17 per share

Price / Cash Flow12.12

Book Value$8.05 per share

Price / Book1.77

Profitability

EPS (Most Recent Fiscal Year)$0.63

Net Income$530.88 million

Net Margins23.59%

Return on Equity8.46%

Return on Assets3.14%

Miscellaneous

Employees2,469

Outstanding Shares527,390,000

Market Cap$7.49 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AQN shares have increased by 4.1% and is now trading at $14.21. 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) released its quarterly earnings data on Thursday, May, 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.02. The utilities provider earned $464.90 million during the quarter, compared to analysts' expectations of $513.53 million. Algonquin Power & Utilities had a net margin of 23.59% and a return on equity of 8.46%. Algonquin Power & Utilities's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior 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. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.155 per share on Wednesday, July 15th. This represents a $0.62 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Monday, June 29th. This is a boost 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 12-month target prices for Algonquin Power & Utilities' stock. Their forecasts range from $13.00 to $19.00. On average, they anticipate Algonquin Power & Utilities' stock price to reach $15.91 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Algonquin Power & Utilities.

Has Algonquin Power & Utilities been receiving favorable news coverage?

News articles about AQN stock have trended positive this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Algonquin Power & Utilities earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company'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 in 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 trading volume of 1,050,000 shares, the short-interest ratio is presently 2.8 days. Currently, 0.6% of the company's shares are short sold. View Algonquin Power & Utilities' Current Options Chain.

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

Some companies that are related to Algonquin Power & Utilities include Eversource Energy (ES), CLP (CLPHY), FirstEnergy (FE), PPL (PPL), Edison International (EIX), DTE Energy (DTE), Entergy (ETR), Fortis (FTS), EDP-Energias de Portugal, S.A (EDPFY), SSE PLC/S (SSEZY), Tenaga Nasional Bhd (TNABY), Avangrid (AGR), Korea Electric Power (KEP), Vistra Energy (VST) and RED ELECTRICA C/ADR (RDEIY). View all 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 variety of institutional and retail investors. Top institutional shareholders 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 major 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 major investors are buying Algonquin Power & Utilities stock?

AQN stock was purchased by a variety of institutional investors in the last quarter, including 1832 Asset Management L.P., AGF Investments Inc., Massachusetts Financial Services Co. MA, Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Zimmer Partners LP, Pictet Asset Management Ltd., and Korea Investment CORP.

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 $14.21.

How big of a company is Algonquin Power & Utilities?

Algonquin Power & Utilities has a market capitalization of $7.49 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 6/3/2020 by MarketBeat.com Staff