QQQ   431.06 (-1.65%)
AAPL   172.69 (-2.19%)
MSFT   413.64 (-1.96%)
META   500.23 (-2.28%)
GOOGL   154.86 (-1.82%)
AMZN   183.62 (-1.35%)
TSLA   161.48 (-5.59%)
NVDA   860.01 (-2.48%)
AMD   160.32 (-1.81%)
NIO   3.89 (-5.35%)
BABA   70.62 (-0.94%)
T   16.24 (-0.43%)
F   12.23 (-3.01%)
MU   121.37 (-0.94%)
GE   153.70 (-0.60%)
CGC   6.98 (-10.51%)
DIS   112.95 (-0.93%)
AMC   2.47 (-6.79%)
PFE   25.91 (+0.19%)
PYPL   63.51 (-1.67%)
XOM   119.68 (-0.57%)
QQQ   431.06 (-1.65%)
AAPL   172.69 (-2.19%)
MSFT   413.64 (-1.96%)
META   500.23 (-2.28%)
GOOGL   154.86 (-1.82%)
AMZN   183.62 (-1.35%)
TSLA   161.48 (-5.59%)
NVDA   860.01 (-2.48%)
AMD   160.32 (-1.81%)
NIO   3.89 (-5.35%)
BABA   70.62 (-0.94%)
T   16.24 (-0.43%)
F   12.23 (-3.01%)
MU   121.37 (-0.94%)
GE   153.70 (-0.60%)
CGC   6.98 (-10.51%)
DIS   112.95 (-0.93%)
AMC   2.47 (-6.79%)
PFE   25.91 (+0.19%)
PYPL   63.51 (-1.67%)
XOM   119.68 (-0.57%)
QQQ   431.06 (-1.65%)
AAPL   172.69 (-2.19%)
MSFT   413.64 (-1.96%)
META   500.23 (-2.28%)
GOOGL   154.86 (-1.82%)
AMZN   183.62 (-1.35%)
TSLA   161.48 (-5.59%)
NVDA   860.01 (-2.48%)
AMD   160.32 (-1.81%)
NIO   3.89 (-5.35%)
BABA   70.62 (-0.94%)
T   16.24 (-0.43%)
F   12.23 (-3.01%)
MU   121.37 (-0.94%)
GE   153.70 (-0.60%)
CGC   6.98 (-10.51%)
DIS   112.95 (-0.93%)
AMC   2.47 (-6.79%)
PFE   25.91 (+0.19%)
PYPL   63.51 (-1.67%)
XOM   119.68 (-0.57%)
QQQ   431.06 (-1.65%)
AAPL   172.69 (-2.19%)
MSFT   413.64 (-1.96%)
META   500.23 (-2.28%)
GOOGL   154.86 (-1.82%)
AMZN   183.62 (-1.35%)
TSLA   161.48 (-5.59%)
NVDA   860.01 (-2.48%)
AMD   160.32 (-1.81%)
NIO   3.89 (-5.35%)
BABA   70.62 (-0.94%)
T   16.24 (-0.43%)
F   12.23 (-3.01%)
MU   121.37 (-0.94%)
GE   153.70 (-0.60%)
CGC   6.98 (-10.51%)
DIS   112.95 (-0.93%)
AMC   2.47 (-6.79%)
PFE   25.91 (+0.19%)
PYPL   63.51 (-1.67%)
XOM   119.68 (-0.57%)
TSE:AQN

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

C$8.02
-0.16 (-1.96%)
(As of 05:33 PM ET)
Today's Range
C$7.96
C$8.20
50-Day Range
C$7.71
C$8.66
52-Week Range
C$6.75
C$12.31
Volume
2.10 million shs
Average Volume
2.92 million shs
Market Capitalization
C$5.53 billion
P/E Ratio
200.50
Dividend Yield
7.36%
Price Target
C$9.25

Algonquin Power & Utilities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.3% Upside
C$9.25 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Algonquin Power & Utilities in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.70 out of 5 stars

AQN stock logo

About Algonquin Power & Utilities Stock (TSE:AQN)

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 Stock Price History

AQN Stock News Headlines

A.I. Stocks Recommended By Investment Analyst Who Beat 15,000+ Others
An under-the-radar investment analyst who beat out 15,000+ other experts in 2020... Who regularly recommends stocks that go up 100%... 500%... 1,000%... Is now recommending THESE A.I. stocks.
Algonquin Power & Utilities Corp. (AQN)
A.I. Stocks Recommended By Investment Analyst Who Beat 15,000+ Others
An under-the-radar investment analyst who beat out 15,000+ other experts in 2020... Who regularly recommends stocks that go up 100%... 500%... 1,000%... Is now recommending THESE A.I. stocks.
AQN Apr 2024 5.000 call
Algonquin Power & Utilities: Q4 Earnings Snapshot
Algonquin Power & Utilities Corp Pref Share AQN.PR.D
See More Headlines
Receive AQN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Algonquin Power & Utilities and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
3/08/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Today
4/15/2024
Dividend Payable
4/15/2024
Next Earnings (Confirmed)
5/10/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Renewable
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,946
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$9.25
High Stock Price Target
C$12.00
Low Stock Price Target
C$7.00
Potential Upside/Downside
+13.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
C$20.32 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.70 billion
Cash Flow
C$0.14 per share
Book Value
C$7.04 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.64 billion
Optionable
Not Optionable
Beta
0.45
(Almost) Everything You Need To Know About The EV Market Cover

Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. Christopher G. H. Huskilson (Age 67)
    Interim CEO & Director
    Comp: $181.32k
  • Mr. Darren G. Myers (Age 50)
    Chief Financial Officer
    Comp: $364.21k
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 52)
    Chief Legal Officer & Corporate Secretary
    Comp: $647.92k
  • Mr. Jeffery Norman (Age 55)
    President of Renewables
    Comp: $701.64k
  • Mr. Colin Michael Penny
    Chief Information Officer
  • Mr. Brian James Chin CPA (Age 50)
    Vice President of Investor Relations
  • Stephanie Bose
    Director of Corporate Communications
  • Ms. Sarah R. MacDonald B.A (Age 55)
    LL.B, M.B.A, Chief Human Resources Officer
  • Ms. Brenda Dale Marshall
    Senior Vice President of Wind Development

AQN Stock Analysis - Frequently Asked Questions

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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 3 hold 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 target for 2024?

3 brokerages have issued 12-month target prices for Algonquin Power & Utilities' shares. Their AQN share price targets range from C$7.00 to C$12.00. On average, they predict the company's share price to reach C$9.25 in the next twelve months. This suggests a possible upside of 15.3% 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 2024?

Algonquin Power & Utilities' stock was trading at C$8.36 at the beginning of 2024. Since then, AQN shares have decreased by 4.1% and is now trading at C$8.02.
View the best growth stocks for 2024 here
.

When is Algonquin Power & Utilities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 10th 2024.
View our AQN earnings forecast
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (TSE:AQN) issued its quarterly earnings results on Friday, March, 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $908 million for the quarter, compared to analyst estimates of $1 billion. Algonquin Power & Utilities had a negative trailing twelve-month return on equity of 0.47% and a net margin of 1.06%.

How often does Algonquin Power & Utilities pay dividends? What is the dividend yield for Algonquin Power & Utilities?

Algonquin Power & Utilities announced a quarterly dividend on Friday, March 8th. Stockholders of record on Thursday, March 28th will be given a dividend of 0.294 per share on Monday, April 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 14.66%. The ex-dividend date is Wednesday, March 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$0.59 per share and currently has a dividend yield of 6.93%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,475.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
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).

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.

This page (TSE:AQN) was last updated on 4/15/2024 by MarketBeat.com Staff

From Our Partners