Algonquin Power & Utilities
AQN

$5.35

0.75%

Market Cap: $4.1B

About: Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.

Employees: 3,946

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 6 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

370% more call options, than puts

Call options by funds: $21.5M | Put options by funds: $4.57M

83% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 30

11% more funds holding

Funds holding: 230 [Q1] → 255 (+25) [Q2]

6% more repeat investments, than reductions

Existing positions increased: 84 | Existing positions reduced: 79

1% more capital invested

Capital invested by funds: $2.36B [Q1] → $2.39B (+$26.8M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

0.84% less ownership

Funds ownership: 53.72% [Q1] → 52.89% (-0.84%) [Q2]

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Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$5.75

7%

upside

Avg. target

$6.13

14%

upside

High target

$7

31%

upside

6 analyst ratings

0 positive

0%

6 neutral

100%

0 negative

0%

Janney Montgomery Scott Michael Gaugler 100% 1-year accuracy 2 / 2 met price target	12%upside $6	Neutral Initiated	5 Sept 2024
RBC Capital Nelson Ng 0 / 0 met price target	12%upside $6	Sector Perform Maintained	13 Aug 2024
Scotiabank Robert Hope 20% 1-year accuracy 1 / 5 met price target	7%upside $5.75	Sector Perform Maintained	13 Aug 2024
CIBC Mark Jarvi 0 / 0 met price target	12%upside $6	Neutral Maintained	12 Aug 2024
Wells Fargo Neil Kalton 85% 1-year accuracy 23 / 27 met price target	12%upside $6	Equal-Weight Downgraded	12 Aug 2024

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Financial journalist opinion

My 3 Worst High-Yield Investments Ever

Investing in high-yielding stocks reduces the risk of misallocating capital compared to high-growth stocks. However, I have still made my fair share of mistakes. I share my lessons learned from the 3 worst high-yield investments ever.

My 3 Worst High-Yield Investments Ever

Algonquin Power: Measure Once, Cut Twice

AQN missed top line numbers in Q2-2024, with revenues declining year over year by 5%. It announced the sale of its renewable energy business for up to $2.5 billion. The company adjusted its common share dividend reducing it by approximately 40% for Q3-2024.

Algonquin Power: Measure Once, Cut Twice

Algonquin Power & Utilities Corp. (AQN) Q2 2024 Earnings Call Transcript

Algonquin Power & Utilities Corp. (NYSE:AQN ) Q2 2024 Earnings Call Transcript August 9, 2024 8:30 AM ET Company Participants Brian Chin - VP of IR Chris Huskilson - CEO Darren Myers - CFO Conference Call Participants Rupert Merer - National Bank Sean Steuart - TD Cowen Nelson Ng - RBC Capital Markets Mark Jarvi - CIBC Capital Markets Operator Hello, and welcome to the Algonquin Power & Utilities Corp. Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

Algonquin Power & Utilities Corp. (AQN) Q2 2024 Earnings Call Transcript

LS Power Agrees to Acquire Large Scale Renewable Energy Business from Algonquin Power & Utilities Corp.

NEW YORK , Aug. 9, 2024 /PRNewswire/ -- LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, today announced it has reached an agreement with Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN") to acquire its renewable energy business (the "Renewables Business"). The Renewables Business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more than 3,000 megawatts (MW) of generating capacity and an 8,000 MW pipeline of wind, solar, battery energy storage and renewable natural gas projects in various stages of development.

LS Power Agrees to Acquire Large Scale Renewable Energy Business from Algonquin Power & Utilities Corp.

Algonquin Power & Utilities to sell renewable energy business for up to $2.5 bln

Canada's Algonquin Power & Utilities Corp said on Friday that it is selling its renewable energy business, excluding hydropower operations, to a wholly-owned subsidiary of LS Power for up to $2.5 billion.

Algonquin Power & Utilities to sell renewable energy business for up to $2.5 bln

Algonquin Power & Utilities Corp. Declares Third Quarter 2024 Common Share Dividend of U.S.$0.0650 (C$0.0893), and Declares Third Quarter 2024 Preferred Share Dividends

OAKVILLE, ON , Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that the board of directors has declared the following common and preferred share dividends: US$0.0650 per common share, payable on October 15, 2024, to the shareholders of record on September 30, 2024, for the period from July 1, 2024 to September 30, 2024. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0893.

Algonquin Power & Utilities Corp. Declares Third Quarter 2024 Common Share Dividend of U.S.$0.0650 (C$0.0893), and Declares Third Quarter 2024 Preferred Share Dividends

Algonquin Power & Utilities Corp. Announces 2024 Second Quarter Financial Results

Continuing Ongoing Strategic Transition to a Pure-Play Regulated Utility Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T. OAKVILLE, ON , Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today financial results for the second quarter ended June 30, 2024.

Algonquin Power & Utilities Corp. Announces 2024 Second Quarter Financial Results

Algonquin Power & Utilities Corp. Agrees to Sell Renewable Energy Business to LS Power for up to $2.5 Billion

Transaction Unlocks AQN's Value as a Pure-Play Regulated Utility Proceeds Expected to Recapitalize Balance Sheet and Position Company for Future Growth Company to Hold Second Quarter Earnings Conference Call at 8:30 am E.T. OAKVILLE, ON , Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN" or the "Company") announced today that it has entered into a definitive agreement to sell its renewable energy business (excluding hydro) to a wholly-owned subsidiary of LS Power (the "Buyer") for total consideration of up to $2.5 billion.

Algonquin Power & Utilities Corp. Agrees to Sell Renewable Energy Business to LS Power for up to $2.5 Billion

Zacks Investment Research

Algonquin Power & Utilities (AQN) Expected to Beat Earnings Estimates: Should You Buy?

Algonquin Power & Utilities (AQN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Algonquin Power & Utilities (AQN) Expected to Beat Earnings Estimates: Should You Buy?

Algonquin Power & Utilities Corp. Announces Date for Second Quarter 2024 Financial Results and Conference Call

OAKVILLE, ON , July 12, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its second quarter 2024 financial results on Friday, August 9, 2024, before market open. AQN will hold an earnings conference call at 8:30 a.m.

Algonquin Power & Utilities Corp. Announces Date for Second Quarter 2024 Financial Results and Conference Call

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