Algonquin Power & Utilities
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 6,814 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 86
0.52% less ownership
Funds ownership: 53.39% [Q2] → 52.87% (-0.52%) [Q3]
8% less capital invested
Capital invested by funds: $2.41B [Q2] → $2.22B (-$191M) [Q3]
9% less funds holding
Funds holding: 256 [Q2] → 234 (-22) [Q3]
34% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 53
67% less funds holding in top 10
Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]
89% less call options, than puts
Call options by funds: $18.2M | Put options by funds: $160M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5.25
22%
upside
Avg. target
$5.81
35%
upside
High target
$7
63%
upside
4 analyst ratings
0 positive
0%
4 neutral
100%
0 negative
0%
JP Morgan Richard Sunderland 60% 1-year accuracy 3 / 5 met price target | 63%upside $7 | Neutral Reinstated | 12 Dec 2024 |
Scotiabank Robert Hope 20% 1-year accuracy 1 / 5 met price target | 22%upside $5.25 | Sector Perform Maintained | 8 Nov 2024 |
CIBC Mark Jarvi 50% 1-year accuracy 1 / 2 met price target | 28%upside $5.50 | Neutral Maintained | 22 Oct 2024 |
Wells Fargo Neil Kalton 64% 1-year accuracy 30 / 47 met price target | 28%upside $5.50 | Equal-Weight Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 4 articles about AQN published over the past 30 days
Neutral
Zacks Investment Research
3 days ago
Algonquin Power Completes Sale of Its Renewable Energy Business
AQN completes the sale of its renewable energy business. This should help AQN turn into a pure-play regulated utility with reduced complexity.
Neutral
Business Wire
4 days ago
Algonquin Power & Utilities Corp. Completes Sale of Renewable Energy Business to LS Power
OAKVILLE, Ontario--(BUSINESS WIRE)---- $AQN--Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN” or the “Company”) announced today it has completed the sale of its non-regulated renewable energy business (excluding the Company's hydro fleet) to a wholly owned subsidiary of LS Power. “We are pleased with the timely and successful completion of the sale of our renewable energy business,” said Chris Huskilson, Chief Executive Officer of AQN. “This transaction, coupled with the recent sale of our 4.
Positive
Seeking Alpha
1 week ago
5 High-Yield Infrastructure Stocks Looking Cheap On The Dip
The infrastructure sector is set for strong growth in the coming years. However, there are numerous attractive opportunities in the sector right now. I discuss five of them.
Neutral
Seeking Alpha
1 week ago
7-21% Yielding Dividend Growers: 2 To Buy And 2 To Avoid
Investing in high-yield stocks that grow their payouts regularly offers attractive total returns and protects purchasing power against inflation over the long term. However, not all high-yielding dividend growth stocks are worth buying. As a result, caution is needed when investing in high-yield, high-growth stocks.
Neutral
Business Wire
1 month ago
Algonquin Power & Utilities Corp. Completes Sale of Atlantica Sustainable Infrastructure Stake
OAKVILLE, Ontario--(BUSINESS WIRE)---- $AQN--Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN” or the “Company”) announced today it has completed the sale of its 42.2% equity interest in Atlantica Sustainable Infrastructure plc (NASDAQ: AY) (“Atlantica”). “We are pleased with the timely and effective execution of this transaction,” said Chris Huskilson, Chief Executive Officer of AQN. “One of my main priorities since the beginning of my tenure as CEO was to optimize the value of our investmen.
Neutral
Seeking Alpha
2 months ago
Algonquin Power & Utilities Corp. (AQN) Q3 2024 Earnings Call Transcript
Algonquin Power & Utilities Corp. (NYSE:AQN ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Brian Chin – Vice President-Investor Relations Chris Huskilson – Chief Executive Officer Darren Myers – Chief Financial Officer Conference Call Participants Rupert Merer – National Bank Mark Jarvi – CIBC Sean Steuart – TD Cowen Rob Hope – Scotiabank Operator Hello, and welcome to the Algonquin Power & Utilities Corp. Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
Negative
Zacks Investment Research
2 months ago
Algonquin Power & Utilities (AQN) Q3 Earnings and Revenues Lag Estimates
Algonquin Power & Utilities (AQN) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.11 per share a year ago.
Neutral
PRNewsWire
2 months ago
Algonquin Power & Utilities Corp. Announces 2024 Third Quarter Financial Results
Making progress in strategic transition to regulated utility OAKVILLE, ON , Nov. 7, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today financial results for the third quarter ended September 30, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.
Neutral
PRNewsWire
2 months ago
Algonquin Power & Utilities Corp. Declares Fourth Quarter 2024 Common Share Dividend of U.S.$0.0650 (C$0.0901), and Declares Fourth Quarter 2024 Preferred Share Dividends
OAKVILLE, ON , Nov. 7, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.0650 per common share, payable on January 15, 2025, to the shareholders of record on December 31, 2024, for the period from October 1, 2024 to December 31, 2024. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0901.
Negative
Zacks Investment Research
2 months ago
Analysts Estimate Algonquin Power & Utilities (AQN) to Report a Decline in Earnings: What to Look Out for
Algonquin Power & Utilities (AQN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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