Algonquin Power & Utilities
AQN

$6.20

1.14%

Market Cap: 4.28B

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 6,702 funds

0

Analysts bullish %

of 4 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

50% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 3 (+1) [Q1 2024]

4% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 82

0% less capital invested

Capital invested by funds: $2.36B [Q4 2023] → $2.35B (-$8.26M) [Q1 2024]

0.53% less ownership

Funds ownership: 53.96% [Q4 2023] → 53.43% (-0.53%) [Q1 2024]

8% less funds holding

Funds holding: 249 [Q4 2023] → 229 (-20) [Q1 2024]

18% less call options, than puts

Call options by funds: $3.26M | Put options by funds: $3.98M

37% less first-time investments, than exits

New positions opened: 34 | Existing positions closed: 54

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$6.50

5%

upside

Avg. target

$7.13

15%

upside

High target

$8.50

37%

upside

4 analyst ratings

1 positive

25%

3 neutral

75%

0 negative

0%

RBC Capital Nelson Ng	13%upside $7	Sector Perform Reiterated	10 Jul 2024
Wells Fargo Neil Kalton	37%upside $8.5	Overweight Maintained	13 May 2024
Scotiabank	5%upside $6.5	Sector Perform Maintained	22 Apr 2024
TD Securities Sean Steuart	5%upside $6.5	Hold Maintained	11 Mar 2024

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Financial journalist opinion

Based on 3 articles about AQN published over the past 30 days

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

Demand Passive Income, Turn Up Your Returns

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Demand Passive Income, Turn Up Your Returns

What I Learned From My Most Painful Dividend Cuts

Dividend investing provides reliable cash flow and total returns without requiring superman-like growth or valuation multiple expansion. However, avoiding painful dividend cuts is crucial for successful dividend investing. I share the lessons I have learned from my most painful dividend cuts and how I am striving to not repeat those same mistakes moving forward.

What I Learned From My Most Painful Dividend Cuts

Get Paid 7.5% From This Forgotten Utility: Algonquin Power

Algonquin is in the midst of a transformation for the better. It has fallen from grace and sports a 7.5% yield and discounted valuations vs peers. We examine its outlook to see if buying now is worthwhile.

Get Paid 7.5% From This Forgotten Utility: Algonquin Power

Important Lessons Learned From My Latest Investing Mistakes

Investing in dividend stocks has been exceptionally rewarding for me. In addition to generating attractive returns, it has taught me many valuable lessons. I share several important lessons that my latest investing mistakes have taught me.

Important Lessons Learned From My Latest Investing Mistakes

Algonquin Power & Utilities Corp. Announces Settlement Rate for Corporate Units Issued in June 2021

OAKVILLE, ON , June 13, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced the settlement rate for the share purchase contracts that are components of its outstanding corporate units (the "Corporate Units") issued in June 2021. Holders of Corporate Units will receive 3.3439 common shares of AQN ("Common Shares") for each share purchase contract they hold, which results in an effective issuance price of $14.9526 per Common Share, with cash to be paid in lieu of any fractional shares.

Algonquin Power & Utilities Corp. Announces Settlement Rate for Corporate Units Issued in June 2021

Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

OAKVILLE, ON , June 4, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following nine nominees listed in the Company's management information circular dated April 18, 2024 were elected as directors of AQN pursuant to a vote by ballot: Nominee Votes For % For Votes Against % Against Melissa Stapleton Barnes 330,041,306 97.05 % 10,016,318 2.95 % Brett Carter 337,316,968 99.19 % 2,740,656 0.81 % Amee Chande 334,451,144 98.39 % 5,473,034 1.61 % Daniel Goldberg 334,450,929 98.35 % 5,606,690 1.65 % Christopher Huskilson 337,313,602 99.19 % 2,744,018 0.81 % D.

Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

Algonquin Power & Utilities Corp. Announces Its Support for Energy Capital Partners' Proposed Acquisition of Atlantica

AQN Makes Progress Towards Strategic Transformation to Pure-Play Regulated Utility OAKVILLE, ON , May 28, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced it has entered into a support agreement (the "Support Agreement") with a private limited company ("Bidco"), which is controlled by Energy Capital Partners, and Atlantica Sustainable Infrastructure plc (NASDAQ: AY) ("Atlantica"). AQN and its subsidiary Liberty (AY Holdings) B.V.

Algonquin Power & Utilities Corp. Announces Its Support for Energy Capital Partners' Proposed Acquisition of Atlantica

7 Bonds and Utilities Stocks to Buy in Anticipation of Lower Rates

Investors should consider pivoting into utilities stocks in anticipation of lower rates later this year. It's all a question of weighing current bond rates against utilities dividends and potential price appreciation.

7 Bonds and Utilities Stocks to Buy in Anticipation of Lower Rates

Very Good News For Utilities And Renewable Power Stocks

Renewable power and utility stocks have been in Mr. Market's doghouse ever since interest rates began to rise rapidly a little over two years ago. However, over the past month, the sector has soared higher due to several bits of good news. We discuss three major pieces of good news for the sector and share some of our top picks of the moment.

Very Good News For Utilities And Renewable Power Stocks

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