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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research 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.
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10 Wall Street analysts have issued twelve-month target prices for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from $7.50 to $14.25. On average, they predict the company's stock price to reach $9.86 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
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Algonquin Power & Utilities' stock was trading at $6.52 at the beginning of the year. Since then, AQN shares have increased by 23.0% and is now trading at $8.02.
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Algonquin Power & Utilities saw a increase in short interest in 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 volume of 6,080,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
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Algonquin Power & Utilities Corp. (NYSE:AQN) released its quarterly earnings data on Friday, March, 17th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The utilities provider had revenue of $748 million for the quarter, compared to analyst estimates 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%. The firm's revenue for the quarter was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.

Algonquin Power & Utilities declared a quarterly dividend on Friday, March 17th. Investors of record on Friday, March 31st will be given a dividend of $0.1085 per share on Friday, April 14th. This represents a $0.43 annualized dividend and a dividend yield of 5.41%. The ex-dividend date is Thursday, March 30th.
Read our dividend analysis for AQN.

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.

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

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.

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 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%).

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.
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One share of AQN stock can currently be purchased for approximately $8.02.

Algonquin Power & Utilities (NYSE:AQN) has a market capitalization of $5.52 billion and generates $2.77 billion in revenue each year. The utilities provider earns $-212,000,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis.

The company employs 3,441 workers across the globe.

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.