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S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Solar Industry at Start of Long Bull Run? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
What Tyson Foods Q1 Means For Staples Stocks
The #1 Energy Stock to Buy (Ad)
ONSemi Is Marching Higher On Great Results
Can Cummins Power To A New High? 
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Solar Industry at Start of Long Bull Run? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
What Tyson Foods Q1 Means For Staples Stocks
The #1 Energy Stock to Buy (Ad)
ONSemi Is Marching Higher On Great Results
Can Cummins Power To A New High? 
S&P 500   3,852.36
DOW   32,920.46
QQQ   303.59
Mullen Automotive Stock, The Tide Has Turned
Solar Industry at Start of Long Bull Run? (Ad)
Energizer Holdings Inc; Losing Power Or Electrifying Time To Buy?
What do Mastercard Earnings Indicate About Consumer Spending?
The #1 Energy Stock to Buy (Ad)
How to Find Penny Stocks to Invest and Trade
What Tyson Foods Q1 Means For Staples Stocks
The #1 Energy Stock to Buy (Ad)
ONSemi Is Marching Higher On Great Results
Can Cummins Power To A New High? 
TSE:AQN

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

C$9.94
+0.05 (+0.51%)
(As of 02/6/2023 12:00 AM ET)
Add
Compare
Today's Range
C$9.83
C$10.02
50-Day Range
C$8.82
C$10.22
52-Week Range
C$8.70
C$20.19
Volume
2.81 million shs
Average Volume
5.46 million shs
Market Capitalization
C$6.79 billion
P/E Ratio
110.44
Dividend Yield
9.95%
Price Target
C$12.63

Algonquin Power & Utilities MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
27.0% Upside
C$12.63 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$1.97 M 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.

1.81 out of 5 stars

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.

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AQN Stock News Headlines

Move Over Lithium – 220 Pounds of Graphite In Every EV Battery
Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.
Where Algonquin Power Stands With Analysts
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Analyst Ratings for Algonquin Power
Algonquin Power Slides On Wider Loss In Q3
See More Headlines
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AQN Company Calendar

Last Earnings
11/11/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
2/06/2023
Next Earnings (Confirmed)
3/17/2023

Industry, Sector and Symbol

Industry
Utilities - Independent Power Producers
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
3,445
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$12.63
High Stock Price Forecast
C$21.00
Low Stock Price Forecast
C$7.00
Forecasted Upside/Downside
+27.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.62 billion
Cash Flow
C$0.17 per share
Book Value
C$7.58 per share

Miscellaneous

Free Float
N/A
Market Cap
C$6.79 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Arun Banskota (Age 61)
    Pres, CEO & Director
    Comp: $2.25M
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 50)
    Chief Legal Officer & Corp. Sec.
    Comp: $783.01k
  • Mr. Jeffery Norman (Age 53)
    Chief Devel. Officer
    Comp: $862.15k
  • Mr. Arthur Kacprzak
    Advisor
  • Mr. Darren G. Myers (Age 48)
    Chief Financial Officer
  • Amelia Tsang
    VP of Investor Relations
  • Ms. Mary Ellen Paravalos
    Chief Compliance & Risk Officer
  • Stephanie Bose
    Director of Corp. Communications
  • Ms. Kirsten Olsen
    Chief HR Officer













AQN Stock - 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 twelve months. 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.

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

4 Wall Street research analysts have issued 12 month target prices for Algonquin Power & Utilities' stock. Their AQN share price forecasts range from C$7.00 to C$21.00. On average, they predict the company's share price to reach C$12.63 in the next year. This suggests a possible upside of 27.0% 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 2023. Since then, AQN shares have increased by 12.7% and is now trading at C$9.94.
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 17th 2023.
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, 11th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.08. The firm had revenue of $869.96 million for the quarter, compared to the consensus estimate of $808.72 million.

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 Friday, November 11th. Shareholders of record on Friday, December 30th will be paid a dividend of 0.246 per share on Friday, January 13th. This represents a $0.98 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Thursday, December 29th.
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$0.70 per share and currently has a dividend yield of 9.95%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 780.89%. 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).

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$9.94.

How much money does Algonquin Power & Utilities make?

Algonquin Power & Utilities (TSE:AQN) has a market capitalization of C$6.79 billion and generates C$2.62 billion in revenue each year.

How many employees does Algonquin Power & Utilities have?

The company employs 3,445 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 2/7/2023 by MarketBeat.com Staff