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S&P 500   4,594.63
DOW   36,245.50
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Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
S&P 500   4,594.63
DOW   36,245.50
QQQ   389.94
Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police
All the trading advice you’ve ever received boils down to this (Ad)
British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait
Lacking counselors, US schools turn to the booming business of online therapy
All the trading advice you’ve ever received boils down to this (Ad)
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
Kiss say farewell to live touring, become first US band to go virtual and become digital avatars
All the trading advice you’ve ever received boils down to this (Ad)
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

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

C$8.51
+0.14 (+1.67%)
(As of 12/1/2023 ET)
Compare
Today's Range
C$8.26
C$8.59
50-Day Range
C$6.88
C$9.26
52-Week Range
C$6.75
C$12.31
Volume
2.83 million shs
Average Volume
3.39 million shs
Market Capitalization
C$5.86 billion
P/E Ratio
N/A
Dividend Yield
7.05%
Price Target
C$8.96

Algonquin Power & Utilities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
5.3% Upside
C$8.96 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$72,748 Bought Last Quarter
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.

1.07 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

Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Algonquin Power & Utilities Loss Narrows In Q3, Misses View
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Algonquin Power & Utilities Corp (AQN-PD.TO)
NextEra Energy (NEE) Q3 Earnings Surpass Estimates
Algonquin Power: Dividend Insights
See More Headlines
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Company Calendar

Ex-Dividend for 10/13 Dividend
9/27/2023
Dividend Payable
10/13/2023
Last Earnings
11/10/2023
Today
12/03/2023
Ex-Dividend for 1/15 Dividend
12/28/2023
Dividend Payable
1/15/2024
Next Earnings (Estimated)
3/15/2024

Industry, Sector and Symbol

Industry
Utilities - Renewable
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
3,951
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$8.96
High Stock Price Target
C$12.00
Low Stock Price Target
C$7.00
Potential Upside/Downside
+5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

Net Income
C$-240,410,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.78 billion
Cash Flow
C$0.14 per share
Book Value
C$6.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.86 billion
Optionable
Not Optionable
Beta
0.38
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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 & Corporate Secretary
    Comp: $647.92k
  • Mr. Jeffery Norman (Age 54)
    Chief Development Officer
    Comp: $701.64k
  • Mr. Brian James Chin CPA (Age 49)
    Vice President of Investor Relations
  • Ms. Mary Ellen Paravalos
    Chief Compliance & Risk Officer
  • Stephanie Bose
    Director of Corporate Communications
  • Ms. Sarah R. MacDonald B.A (Age 54)
    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?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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?

4 Wall Street research analysts have issued 1 year target prices for Algonquin Power & Utilities' stock. Their AQN share price targets range from C$7.00 to C$12.00. On average, they expect the company's stock price to reach C$8.96 in the next twelve months. This suggests a possible upside of 5.3% 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 2023?

Algonquin Power & Utilities' stock was trading at C$8.82 at the beginning of the year. Since then, AQN stock has decreased by 3.5% and is now trading at C$8.51.
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, March 15th 2024.
View our AQN earnings forecast
.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (TSE:AQN) posted its quarterly earnings data on Friday, November, 10th. The company reported $0.15 earnings per share for the quarter, hitting analysts' consensus estimates of $0.15. The firm earned $838.10 million during the quarter, compared to the consensus estimate of $887.76 million. Algonquin Power & Utilities had a negative net margin of 8.35% and a negative trailing twelve-month return on equity of 4.18%.

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, November 10th. Stockholders of record on Friday, December 29th will be given a dividend of 0.30 per share on Monday, January 15th. This represents a $1.20 annualized dividend and a yield of 14.10%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of C$0.14.
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$0.60 per share and currently has a dividend yield of 7.34%. 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).

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 12/3/2023 by MarketBeat.com Staff

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