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

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, 1 hold rating and 2 buy ratings 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.

4 equities research analysts have issued twelve-month price targets for Algonquin Power & Utilities' shares. Their AQN share price forecasts range from C$7.00 to C$12.00. On average, they anticipate the company's share price to reach C$9.50 in the next year. This suggests that the stock has a possible downside of 15.8%.
View analysts price targets for AQN or view top-rated stocks among Wall Street analysts.

Algonquin Power & Utilities' stock was trading at C$8.82 at the beginning of 2023. Since then, AQN shares have increased by 27.9% and is now trading at C$11.28.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our AQN earnings forecast.

Algonquin Power & Utilities Corp. (TSE:AQN) announced its quarterly earnings data on Friday, March, 17th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. The firm earned $1.02 billion during the quarter, compared to analyst estimates of $939 million. Algonquin Power & Utilities had a negative trailing twelve-month return on equity of 1.48% and a negative net margin of 1.17%.

Algonquin Power & Utilities announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Friday, June 30th will be given a dividend of 0.292 per share on Friday, July 14th. This represents a $1.17 dividend on an annualized basis and a yield of 10.35%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for AQN.

Algonquin Power & Utilities (TSE:AQN) pays an annual dividend of C$0.58 per share and currently has a dividend yield of 5.10%. 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.

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).

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

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.
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One share of AQN stock can currently be purchased for approximately C$11.28.

Algonquin Power & Utilities (TSE:AQN) has a market capitalization of C$7.77 billion and generates C$2.81 billion in revenue each year. The company earns C$-41,410,000.00 in net income (profit) each year or C($0.09) on an earnings per share basis.

The company employs 3,445 workers across the globe.

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.