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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
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Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
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The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
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Stock market today: Wall Street higher, but likely not enough to this turn losing week into a winner
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New Breakthrough "Living Software" Has Been… (Ad)
The average long-term US mortgage rate edged up to 7.19% this week, slightly below its 2023 high
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TSE:AQN

Algonquin Power & Utilities (AQN) Stock Forecast, Price & News

C$9.22
-0.20 (-2.12%)
(As of 09/21/2023 ET)
Compare
Today's Range
C$9.21
▼
C$9.37
50-Day Range
C$9.22
▼
C$11.04
52-Week Range
C$8.70
▼
C$17.13
Volume
3.07 million shs
Average Volume
3.44 million shs
Market Capitalization
C$6.35 billion
P/E Ratio
N/A
Dividend Yield
6.29%
Price Target
C$9.13
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
1.0% Downside
C$9.13 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.45mentions of Algonquin Power & Utilities in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank™

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

1.00 out of 5 stars

See Top Rated MarketRank™ Stocks Here

AQN stock logo

About Algonquin Power & Utilities (TSE:AQN) Stock

Algonquin Power & Utilities Corp. is a multi-national renewable energy and utility company with headquarters in Canada and operations across North America. The company was first formed in 1988 as a private entity that went public on the Canadian market. The company went public in 1997 as Algonquin Power And Income Fund and has seen explosive growth in the time since. The stock is a member of the TSX 60 Index and is traded with a dual listing on the NYSE.

The IPO, on the Toronto Stock Exchange raised nearly $75 million and led to the purchase of 14 hydroelectric power plants in Canada, New York and New Hampshire. The company elected to give up its trust status in 1997 following changes to regulations in Canada that removed the preferred status for the business. The change resulted in the company traded today, Algonquin Power & Utilities, which operates a vast network of renewable power-generating and utility assets via three subsidiary companies.

Subsidiaries of Algonquin Power & Utilities Corp are Bermuda Electric Light Company, Liberty Power and Liberty Utilities. The company owns and operates a diversified and integrated portfolio of regulated and non-regulated power generation, distribution, and transmission assets through its subsidiaries.

The company operates through two segments, generating renewable energy for consumer use or selling to other utilities and utilities providing power, water and natural gas. The two operating segments are Regulated Services Group and Renewable Energy Group. The company’s portfolio of assets is focused on hydroelectric, wind and solar power generation. On a dollar basis, the utility-end of the business is by far the largest and generated roughly 75% of the revenue in 2022. Total revenue in 2022 topped C$3.25 billion.

The Regulated Services Group operates rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. The Renewable Energy Group segment generates and sells electrical energy and capacity generated by its power-generating portfolio in the United States and Canada. The company’s Regulated Services Group has operations in 13 US states, and 1 Canadian province and assets are worth in excess of $10 billion as of 2022. The Renewable Energy Group owns 41 power-generating facilities with a total generating capacity of 2.3 gigawatts.

Algonquin Power & Utilities’ business is built on the pillars of growth, operational excellence and sustainability. The growth is driven by organic initiatives, acquisitions and the developing of its industry-leading portfolio of green-power assets. Operational excellence is the focus on safety and reliability while providing profitability and cash flow for investors. Sustainability is the belief that green-power generation is the future for humanity and is seen in the goal of reaching net zero GHG emissions by 2050 and aggressive goals for the interim. Among those are generating at least 75% of from renewable sources.

Algonquin Power & Utilities aims to deliver shareholder returns through earnings, capital gains and dividends. The stock pays a quarterly dividend, and investors can also enroll in a dividend reinvestment plan.

AQN Price History

AQN Stock News Headlines

September 17, 2023 | americanbankingnews.com
Algonquin Power & Utilities Corp. (TSE:AQN) Receives C$9.35 Average PT from Brokerages
September 16, 2023 | americanbankingnews.com
Royal Bank of Canada Lowers Algonquin Power & Utilities (TSE:AQN) Price Target to C$8.00
September 22, 2023 | Behind the Markets (Ad)
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September 11, 2023 | finance.yahoo.com
An Intrinsic Calculation For Algonquin Power & Utilities Corp. (TSE:AQN) Suggests It's 35% Undervalued
September 5, 2023 | msn.com
TFSA: Invest $2,000 in 2 Stocks and Get $3,000 in Passive Income
August 30, 2023 | theglobeandmail.com
Closing Bell: Algonquin Power and Utilities Corp flat on Wednesday (AQN)
August 25, 2023 | finance.yahoo.com
Algonquin Power & Utilities (TSE:AQN) Is Reinvesting At Lower Rates Of Return
August 21, 2023 | markets.businessinsider.com
CIBC Reaffirms Their Hold Rating on Algonquin Power & Utilities (AQN)
September 22, 2023 | Stansberry Research (Ad)
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August 15, 2023 | marketwatch.com
Algonquin Power & Utilities Corp. stock falls Tuesday, still outperforms market
August 10, 2023 | msn.com
Algonquin Power CEO Banskota steps down; company will seek renewable unit sale
August 10, 2023 | finance.yahoo.com
Algonquin Power & Utilities Corp. Will Pursue Sale of Renewable Energy Group Following Strategic Review; Announces 2023 Second Quarter Financial Results
August 10, 2023 | finance.yahoo.com
Algonquin Power & Utilities Corp. Announces CEO Transition
August 10, 2023 | finance.yahoo.com
Algonquin Power & Utilities Corp. Declares Third Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1460), and Declares Third Quarter 2023 Preferred Share Dividends
August 10, 2023 | finance.yahoo.com
UPDATE 2-Algonquin pursues renewable energy unit sale, CEO steps down
August 10, 2023 | ca.finance.yahoo.com
Algonquin pursues renewable energy unit sale, CEO steps down
August 9, 2023 | msn.com
Is a Surprise Coming for Algonquin (AQN) This Earnings Season?
August 4, 2023 | finance.yahoo.com
PPL (PPL) Q2 Earnings Miss Estimates
August 3, 2023 | finance.yahoo.com
Pinnacle West (PNW) Q2 Earnings Miss Estimates
July 31, 2023 | theglobeandmail.com
Algonquin Power was a go-to green stock. Now, it faces pressure to jettison its clean energy assets
July 25, 2023 | finance.yahoo.com
Algonquin Power & Utilities Corp. Announces Date for Second Quarter 2023 Financial Results and Conference Call
July 24, 2023 | theglobeandmail.com
Algonquin Power: Top 25 Undervalued S&P/TSX Composite Index Stocks (AQN)
July 21, 2023 | finance.yahoo.com
Algonquin Power & Utilities (TSE:AQN) shareholders have endured a 28% loss from investing in the stock three years ago
July 8, 2023 | msn.com
Activist Starboard prepares the groundwork to reduce leverage and build value at Algonquin Power
July 6, 2023 | theglobeandmail.com
Activist hedge fund Starboard urges Algonquin Power to sell renewable assets
July 6, 2023 | finance.yahoo.com
Starboard Sends Letter to Algonquin Power & Utilities Regarding Opportunities to Enhance Shareholder Value
June 30, 2023 | reuters.com
Starboard takes 5% stake in Algonquin Power
See More Headlines
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AQN Company Calendar

Ex-Dividend for 7/14 Dividend
6/29/2023
Dividend Payable
7/14/2023
Last Earnings
8/10/2023
Today
9/21/2023
Ex-Dividend for 10/13 Dividend
9/27/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
11/10/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Utilities—Renewable
Sub-Industry
N/A
Sector
Utilities
Current Symbol
TSE:AQN
CUSIP
N/A
CIK
N/A
Web
algonquinpower.com
Phone
+1-905-4654500
Fax
N/A
Employees
3,951
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$9.13
High Stock Price Forecast
C$12.00
Low Stock Price Forecast
C$7.00
Forecasted Upside/Downside
-1.0%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C($0.53)
Trailing P/E Ratio
N/A
Forward P/E Ratio
11.90
P/E Growth
1.07
Net Income
C$-261,110,000.00
Net Margins
-8.96%
Pretax Margin
N/A
Return on Equity
-4.29%
Return on Assets
1.68%

Debt

Debt-to-Equity Ratio
113.89
Current Ratio
0.71
Quick Ratio
0.37

Sales & Book Value

Annual Sales
C$2.82 billion
Price / Sales
2.25
Cash Flow
C$0.15 per share
Price / Cash Flow
59.52
Book Value
C$7.26 per share
Price / Book
1.27

Miscellaneous

Outstanding Shares
688,810,000
Free Float
N/A
Market Cap
C$6.35 billion
Optionable
Not Optionable
Beta
0.27
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Key Executives

  • Mr. Christopher G. H. Huskilson (Age 66)
    Interim CEO & Director
    Comp: $181.32k
  • Mr. Darren G. Myers (Age 49)
    Chief Financial Officer
    Comp: $364.21k
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 51)
    Chief Legal Officer & Corp. Sec.
    Comp: $647.92k
  • Mr. Jeffery Norman (Age 54)
    Chief Devel. Officer
    Comp: $701.64k
  • Mr. Brian James Chin CPA (Age 49)
    VP of Investor Relations
  • Ms. Mary Ellen Paravalos
    Chief Compliance & Risk Officer
  • Stephanie Bose
    Director of Corp. Communications
  • Ms. Kirsten Olsen
    Chief HR Officer
  • Ms. Brenda Dale Marshall
    Sr. VP of Wind Devel.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













AQN Stock - Frequently Asked Questions

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

6 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, 3 hold ratings and 2 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.
View AQN analyst ratings or view top-rated stocks.

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

6 brokers have issued 12-month price targets for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from C$7.00 to C$12.00. On average, they anticipate the company's stock price to reach C$9.13 in the next year. This suggests that the stock has a possible downside of 1.0%.
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 C$8.82 at the beginning of 2023. Since then, AQN shares have increased by 4.5% and is now trading at C$9.22.
View the best growth stocks for 2023 here.

When is Algonquin Power & Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 10th 2023.
View our AQN earnings forecast.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (TSE:AQN) released its quarterly earnings data on Thursday, August, 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by $0.03. The firm earned $843.40 million during the quarter, compared to the consensus estimate of $856.21 million. Algonquin Power & Utilities had a negative net margin of 8.96% and a negative trailing twelve-month return on equity of 4.29%. During the same quarter in the prior year, the firm 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 Thursday, August 10th. Investors of record on Thursday, September 28th will be given a dividend of 0.144 per share on Friday, October 13th. This represents a $0.58 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Wednesday, September 27th.
Read our dividend analysis for AQN.

Is Algonquin Power & Utilities a good dividend stock?

Algonquin Power & Utilities (TSE:AQN) pays an annual dividend of C$0.58 per share and currently has a dividend yield of 6.00%. 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 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 Enbridge (ENB), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Pembina Pipeline (PPL), BCE (BCE), Manulife Financial (MFC), AltaGas (ALA), Royal Bank of Canada (RY), Inter Pipeline (IPL) and Costco Wholesale (COST).

What is Algonquin Power & Utilities' stock symbol?

Algonquin Power & Utilities trades on the Toronto Stock Exchange (TSX) under the ticker symbol "AQN."

How do I buy shares of Algonquin Power & Utilities?

Shares of AQN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Algonquin Power & Utilities' stock price today?

One share of AQN stock can currently be purchased for approximately C$9.22.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (TSE:AQN) has a market capitalization of C$6.35 billion and generates C$2.82 billion in revenue each year. The company earns C$-261,110,000.00 in net income (profit) each year or C($0.53) 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, ON L6J2X1, Canada. The official website for the company is algonquinpower.com. The company can be reached via phone at +1-905-4654500.

This page (TSE:AQN) was last updated on 9/22/2023 by MarketBeat.com Staff

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