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NYSE:AQN

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

$5.67
-0.15 (-2.58%)
(As of 04:10 PM ET)
Today's Range
$5.64
$5.78
50-Day Range
$5.69
$6.43
52-Week Range
$4.90
$9.14
Volume
5.34 million shs
Average Volume
4.84 million shs
Market Capitalization
$3.91 billion
P/E Ratio
189.00
Dividend Yield
7.58%
Price Target
$7.85

Algonquin Power & Utilities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
37.5% Upside
$7.85 Price Target
Short Interest
Healthy
1.84% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.20
Upright™ Environmental Score
News Sentiment
0.48mentions of Algonquin Power & Utilities in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.00%
From $0.50 to $0.51 Per Share

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.

4.64 out of 5 stars

Utilities Sector

13th out of 90 stocks

Electric Services Industry

5th out of 41 stocks

AQN stock logo

About Algonquin Power & Utilities Stock (NYSE:AQN)

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

AQN Stock Price History

AQN Stock News Headlines

Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Algonquin Power & Utilities Corp.
Biden’s $374B Giveaway Into This Sector
Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here
Company News for Mar 11, 2024
Earnings Outlook For Algonquin Power
See More Headlines
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Company Calendar

Last Earnings
3/08/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/16/2024
Next Earnings (Confirmed)
5/10/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric services
Sub-Industry
N/A
Employees
3,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.85
High Stock Price Target
$10.00
Low Stock Price Target
$5.75
Potential Upside/Downside
+37.7%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$28.67 million
Pretax Margin
-4.43%

Debt

Sales & Book Value

Annual Sales
$2.70 billion
Cash Flow
$1.17 per share
Book Value
$9.35 per share

Miscellaneous

Free Float
689,292,000
Market Cap
$3.93 billion
Optionable
Not Optionable
Beta
0.66
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Key Executives

  • Mr. Christopher G. H. Huskilson (Age 67)
    Interim CEO & Director
    Comp: $131.61k
  • Mr. Darren G. Myers (Age 50)
    Chief Financial Officer
    Comp: $264.36k
  • Mr. Anthony Johnston
    Chief Operating Officer
  • Ms. Jennifer Tindale (Age 52)
    Chief Legal Officer & Corporate Secretary
    Comp: $470.29k
  • Mr. Jeffery Norman (Age 55)
    President of Renewables
    Comp: $509.28k
  • 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?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Algonquin Power & Utilities in the last twelve months. There are currently 7 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 target for 2024?

9 Wall Street research analysts have issued 12-month price objectives for Algonquin Power & Utilities' shares. Their AQN share price targets range from $5.75 to $10.00. On average, they anticipate the company's stock price to reach $7.85 in the next year. This suggests a possible upside of 37.5% 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 $6.32 at the beginning of 2024. Since then, AQN shares have decreased by 9.7% and is now trading at $5.71.
View the best growth stocks for 2024 here
.

Are investors shorting Algonquin Power & Utilities?

Algonquin Power & Utilities saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 12,700,000 shares, a decline of 21.5% from the March 15th total of 16,180,000 shares. Based on an average trading volume of 4,830,000 shares, the short-interest ratio is currently 2.6 days. Approximately 1.8% of the company's stock are short sold.
View Algonquin Power & Utilities' Short Interest
.

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 can I listen to Algonquin Power & Utilities' earnings call?

Algonquin Power & Utilities will be holding an earnings conference call on Friday, May 10th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Algonquin Power & Utilities' earnings last quarter?

Algonquin Power & Utilities Corp. (NYSE:AQN) posted its quarterly earnings data on Friday, March, 8th. The utilities provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The utilities provider earned $666.90 million during the quarter, compared to analyst estimates of $661.73 million. Algonquin Power & Utilities had a trailing twelve-month return on equity of 5.64% and a net margin of 1.06%. Algonquin Power & Utilities's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 earnings per share.

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. Shareholders of record on Thursday, March 28th will be given a dividend of $0.1085 per share on Monday, April 15th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 7.60%. 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 (NYSE:AQN) pays an annual dividend of $0.43 per share and currently has a dividend yield of 7.32%. AQN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,433.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, AQN will have a dividend payout ratio of 84.31% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for AQN.

What ETFs hold Algonquin Power & Utilities' stock?

ETFs with the largest weight of Algonquin Power & Utilities (NYSE:AQN) stock in their portfolio include LeaderShares Activist Leaders ETF (ACTV).SPDR S&P Kensho Clean Power ETF (CNRG).

What is Ian Robertson's approval rating as Algonquin Power & Utilities' CEO?

25 employees have rated Algonquin Power & Utilities Chief Executive Officer Ian Robertson on Glassdoor.com. Ian Robertson has an approval rating of 85% among the company's employees.

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 AT&T (T), Intel (INTC), Bristol-Myers Squibb (BMY), Verizon Communications (VZ), Home Depot (HD), AbbVie (ABBV), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU) and Alibaba Group (BABA).

Who are Algonquin Power & Utilities' major shareholders?

Algonquin Power & Utilities' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Hennessy Advisors Inc. (0.02%), DGS Capital Management LLC (0.00%) and Kingswood Wealth Advisors LLC (0.00%).

How do I buy shares of Algonquin Power & Utilities?

Shares of AQN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AQN) was last updated on 4/16/2024 by MarketBeat.com Staff

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