Algonquin Power & Utilities Corp. (AQN)

NYSE: AQN · Real-Time Price · USD
5.50
-0.01 (-0.18%)
Sep 18, 2024, 4:00 PM EDT - Market closed
-0.18%
Market Cap 4.23B
Revenue (ttm) 2.63B
Net Income (ttm) 114.09M
Shares Out 766.99M
EPS (ttm) 0.16
PE Ratio 37.04
Forward PE 16.04
Dividend $0.39 (7.10%)
Ex-Dividend Date Sep 30, 2024
Volume 8,909,134
Open 5.53
Previous Close 5.51
Day's Range 5.47 - 5.57
52-Week Range 4.90 - 7.08
Beta 0.52
Analysts Hold
Price Target 6.25 (+13.64%)
Earnings Date Nov 8, 2024

About 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 connect... [Read more]

Sector Utilities
IPO Date Oct 8, 1998
Employees 3,946
Stock Exchange NYSE
Ticker Symbol AQN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for AQN stock is "Hold." The 12-month stock price forecast is $6.25, which is an increase of 13.64% from the latest price.

Price Target
$6.25
(13.64% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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My 3 Worst High-Yield Investments Ever

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4 weeks ago - Seeking Alpha

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 sha...

5 weeks ago - Seeking Alpha

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 ...

5 weeks ago - Seeking Alpha

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 r...

5 weeks ago - PRNewsWire

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 bill...

5 weeks ago - Reuters

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...

5 weeks ago - PRNewsWire

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 Po...

5 weeks ago - PRNewsWire

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 Conferen...

5 weeks ago - PRNewsWire

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, Augus...

2 months ago - PRNewsWire

Demand Passive Income, Turn Up Your Returns

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2 months ago - Seeking Alpha

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 worthw...

3 months ago - Seeking Alpha

Important Lessons Learned From My Latest Investing Mistakes

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3 months ago - Seeking Alpha

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 ...

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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 "Co...

Other symbols: AY
4 months ago - PRNewsWire

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 h...

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4 months ago - Seeking Alpha

Algonquin Power & Utilities Corp. (AQN) Q1 2024 Earnings Call Transcript

Algonquin Power & Utilities Corp. (NYSE:AQN) Q1 2024 Earnings Conference Call May 10, 2024 8:30 AM ET Company Participants Brian Chin - Vice President of Investor Relations Christopher Huskilson - Ch...

4 months ago - Seeking Alpha

Algonquin Power & Utilities Corp. Announces CEO Update and 2024 First Quarter Financial Results

Chris Huskilson appointed Chief Executive Officer OAKVILLE, ON , May 10, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today that the ...

4 months ago - PRNewsWire

Algonquin Power & Utilities Corp. Declares Second Quarter 2024 Common Share Dividend of U.S.$0.1085 (C$0.1490), and Declares Second Quarter 2024 Preferred Share Dividends

OAKVILLE, ON , May 10, 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...

4 months ago - PRNewsWire

Algonquin Power & Utilities Corp. to Add Brett Carter and Christopher Lopez to the Board of Directors

Enters Into Cooperation Agreement with Starboard OAKVILLE, ON , April 18, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("Algonquin", "AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today annou...

5 months ago - PRNewsWire

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Dividend investing provides a growing passive income stream and can make investors agnostic to stock market conditions. Dividend cuts significantly hurt investors by reducing passive income and indica...

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5 months ago - Seeking Alpha

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

OAKVILLE, ON , April 10, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its first quarter 2024 financial results on Friday, May 1...

5 months ago - PRNewsWire