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NYSE:AQN

Algonquin Power & Utilities Stock Forecast, Price & News

$13.86
+0.34 (+2.51%)
(As of 06/24/2022 12:00 AM ET)
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Compare
Today's Range
$13.59
$13.89
50-Day Range
$12.96
$15.83
52-Week Range
$12.88
$16.10
Volume
2.35 million shs
Average Volume
2.20 million shs
Market Capitalization
$9.34 billion
P/E Ratio
27.18
Dividend Yield
5.03%
Price Target
$16.31
30 days | 90 days | 365 days | Advanced Chart

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AQN Stock Forecast (MarketRank)

Overall MarketRank

2.32 out of 5 stars

Utilities Sector

57th out of 120 stocks

Electric Services Industry

22nd out of 56 stocks

Analyst Opinion: 2.2Community Rank: 4.0Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
Algonquin Power & Utilities logo

About Algonquin Power & Utilities (NYSE:AQN)

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, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities. The company also owns and operates hydroelectric, wind, solar, and thermal facilities with generating capacity of approximately 2.3 gigawatt; and regulated electric, natural gas, water distribution, and wastewater collection utility systems. As of December 31, 2021, it serves approximately 307,000 electric connections; 373,000 natural gas connections; and 413,000 regulated water distribution and wastewater collection utility systems. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

AQN Stock News Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
N/A
Sector
Utilities
Employees
3,441
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2022
Dividend Payable
4/14/2022
Last Earnings
5/12/2022
Today
6/24/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$16.31
High Stock Price Forecast
$18.00
Low Stock Price Forecast
$15.50
Forecasted Upside/Downside
+17.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33333333333333
Research Coverage
9 Analysts

Profitability

Net Income
$264.86 million
Pretax Margin
9.61%

Debt

Sales & Book Value

Annual Sales
$2.29 billion
Cash Flow
$1.32 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
N/A
Market Cap
$9.34 billion
Optionable
Not Optionable
Beta
0.43














Algonquin Power & Utilities Frequently Asked Questions

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

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.
View analyst ratings for Algonquin Power & Utilities
or view top-rated stocks.

What is Algonquin Power & Utilities' stock price forecast for 2022?

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.
View analysts' price targets for Algonquin Power & Utilities
or view top-rated stocks among Wall Street analysts.

How has Algonquin Power & Utilities' stock performed in 2022?

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.
View the best growth stocks for 2022 here
.

When is Algonquin Power & Utilities' next earnings date?

Algonquin Power & Utilities is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Algonquin Power & Utilities
.

How were Algonquin Power & Utilities' earnings last quarter?

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.
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 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.
View Algonquin Power & Utilities' dividend history
.

Is Algonquin Power & Utilities a good dividend stock?

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.
View Algonquin Power & Utilities' dividend history.

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

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 -.

Who are Algonquin Power & Utilities' key executives?

Algonquin Power & Utilities' management team includes the following people:
  • Mr. Arun Banskota, Pres, CEO & Director (Age 61, Pay $1.45M)
  • Mr. Arthur Kacprzak, Chief Financial Officer
  • Mr. Anthony Johnston, Chief Operating Officer
  • Ms. Jennifer Tindale, Chief Legal Officer & Corp. Sec. (Age 50, Pay $612.36k)
  • Mr. Jeffery Norman, Chief Devel. Officer (Age 53, Pay $664.54k)
  • Amelia Tsang, VP of Investor Relations
  • Ms. Mary Ellen Paravalos, Chief Compliance & Risk Officer
  • Stephanie Bose, Director of Corp. Communications
  • Ms. Kirsten Olsen, Chief HR Officer
  • Mr. Michael Dilworth, Sr. VP of Solar Devel. Group

What is Ian Robertson's approval rating as Algonquin Power & Utilities' CEO?

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.

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 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%).

Which institutional investors are selling Algonquin Power & Utilities stock?

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.

Which institutional investors are buying Algonquin Power & Utilities stock?

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..

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 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 $13.86.

How much money does Algonquin Power & Utilities make?

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.

How many employees does Algonquin Power & Utilities have?

Algonquin Power & Utilities employs 3,441 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 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.

This page (NYSE:AQN) was last updated on 6/24/2022 by MarketBeat.com Staff

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