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 6,809 funds
0
Analysts bullish %
of 5 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
0.42% less ownership
Funds ownership: 53.25% [Q2] → 52.83% (-0.42%) [Q3]
8% less capital invested
Capital invested by funds: $2.4B [Q2] → $2.21B (-$186M) [Q3]
9% less funds holding
Funds holding: 256 [Q2] → 234 (-22) [Q3]
39% less first-time investments, than exits
New positions opened: 35 | Existing positions closed: 57
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: $17.8M | Put options by funds: $160M
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5.25
17%
upside
Avg. target
$5.85
30%
upside
High target
$7
56%
upside
5 analyst ratings
0 positive
0%
5 neutral
100%
0 negative
0%
JP Morgan Richard Sunderland 60% 1-year accuracy 3 / 5 met price target | 56%upside $7 | Neutral Reinstated | 12 Dec 2024 |
Scotiabank Robert Hope 20% 1-year accuracy 1 / 5 met price target | 17%upside $5.25 | Sector Perform Maintained | 8 Nov 2024 |
CIBC Mark Jarvi 0% 1-year accuracy 0 / 1 met price target | 22%upside $5.50 | Neutral Maintained | 22 Oct 2024 |
Wells Fargo Neil Kalton 57% 1-year accuracy 27 / 47 met price target | 22%upside $5.50 | Equal-Weight Maintained | 16 Oct 2024 |
RBC Capital Nelson Ng 0% 1-year accuracy 0 / 2 met price target | 34%upside $6 | Sector Perform Reiterated | 11 Oct 2024 |
Financial journalist opinion
Neutral
Business Wire
1 week 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
1 month 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
1 month 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
1 month 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
1 month 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
1 month 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.
Positive
Seeking Alpha
1 month ago
Algonquin Power: Has Growth Potential, But Patience Will Be Needed
Algonquin is divesting renewable assets to focus on regulated services, aiming for stable profits and dividends. The company's regulated services are under-earning but expected to improve with new rate approvals, particularly in New York and Bermuda. Algonquin's financial leverage will decline post-renewables separation, aided by recent dividend cuts.
Neutral
PRNewsWire
2 months ago
Algonquin Power & Utilities Corp. Announces Date for Third Quarter 2024 Financial Results and Conference Call
OAKVILLE, ON , Oct. 11, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. AQN will hold an earnings conference call at 10:00 a.m.
Positive
Seeking Alpha
2 months ago
Algonquin Stock Likely To Double After Renewables Separation
Algonquin is transitioning to a pure-play regulated utility, exiting merchant power activities to reduce debt and simplify its business, creating significant shareholder value. The utility sector is currently thriving due to rising power demand, declining rates and rising regulated revenues, making it an attractive investment. Algonquin is trading at a significant discount to peers, with the potential for its equity value to double as it adds assets to its rate base.
Neutral
Seeking Alpha
3 months ago
What I Wish I Knew Before Becoming A Stock Picker
Picking individual stocks can outperform the market if you enjoy analyzing companies and have the discipline to manage your investments carefully. There are important lessons that investors need to follow if they are going to have success picking stocks. I share three of some of the most important lessons I have learned over the years that I wish I had known at the beginning of my stock-picking career.
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