Humans are increasingly affecting the world’s weather. Get short term trading ideas from the MarketBeat Idea Engine. If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. (2.2x) compared to the XN Integrated Utilities industry average (1.9x). Export data to Excel for your own analysis. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Future ROE: AQN's Return on Equity is forecast to be low in 3 years time (9.2%). AQN's dividend payments have increased over the past 10 years. They currently have an equal weight rating on the utilities provider’s stock. Following the latest results, Algonquin Power & Utilities' eight analysts are now forecasting revenues of US$1.86b in 2020. Earnings grew by 17.3% over the past year. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Experienced Board: AQN's board of directors are considered experienced (6.2 years average tenure). Earnings vs Industry: AQN earnings growth over the past year (17.3%) exceeded the Integrated Utilities industry 2.9%. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Clean and Affordable Energy – Goal to provide clean and affordable energy by developing 2,000 MW of new wind and solar capacity by 2023, 3. AQN's earnings have grown significantly by 54.8% per year over the past 5 years. The company currently has an average rating of Hold and a consensus target price of $15.88. Algonquin Power & Utilities (NYSE:AQN) had its price objective increased by Morgan Stanley from $16.00 to $16.50 in a research report released on Tuesday morning, Anlyst Ratings reports. “Continuing to invest in renewable energy solutions is fundamental to our business strategy. This coal-fired plant was retired as of 3/1/20 and expected to reduce C02 emissions by ~ 1 million metric tons per year, while saving customers as much as $325 million over the next 20 years. Algonquin was also one of the highest ranked utility companies and highest ranked Canada-based company on the list. 1. ALL RIGHTS RESERVED. Revenues are expected to be $357.37 million, up 4% form the year-ago quarter. Trading at 36% below our estimate of its fair value. Algonquin Power & Utilities Corp. (TSE:AQN) came out with its first-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. PE vs Industry: AQN is good value based on its PE Ratio (16x) compared to the XN Integrated Utilities industry average (18.6x). Algonquin Power & Utilities pays out 85.51% of its earnings out as a dividend. CWH Capital Management Inc. acquired a new position in shares of Algonquin Power & Utilities during the third quarter valued at $307,000. Learn more. Algonquin Power & Utilities (NYSE:AQN) last released its earnings results on Thursday, August 13th. You can change your choices at any time by visiting Your Privacy Controls. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.16. How on Earth Can a Former Mining Company Become a Leader in Sustainability? Algonquin’s stock price (NYSE: AQN) has consistently outperformed the Dow Jones Industrial Average benchmark over the past year. How is Algonquin Power & Utilities's financial position? 5. Revenues fell 9.5% short of expectations, at US$465m. Algonquin Power & Utilities (NYSE:AQN) had its price objective increased by Morgan Stanley from $16.00 to $16.50 in a research report released on Tuesday morning, Anlyst Ratings reports. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. AQN's debt to equity ratio has increased from 76% to 87.9% over the past 5 years. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. A number of institutional investors have recently bought and sold shares of the business. Quality Earnings: AQN has a large one-off gain of $378.5M impacting its June 30 2020 financial results. Explore potentially undervalued companies in the Utilities industry. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Of course, another way to look at these forecasts is to place them into context against the industry itself. AQN's most recent quarterly dividend payment was made to shareholders of record on Thursday, October 15. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United, Unless specified all financial data is based on a yearly period but updated quarterly. Boston Beer (NYSE: SAM) Pops on Earnings Again… Is it Still a Buy? Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter. The company plans to add 600 MW of wind and 10 MW of community solar power in this service area by 2021. Rewards. They aim to take shared responsibility for leaving this planet a better place than they found it. Get daily stock ideas top-performing Wall Street analysts. It’s yet more proof that a company can do well by doing good. Local and Empathic Business Model – 2023 Goal to reach top-quartile customer service as ranked by J.D. All rights reserved. © American Consumer News, LLC dba MarketBeat® 2010-2020. (59.7%), AQN's dividend payments are covered by earnings. In 2019, they published a comprehensive Sustainability Report which further detailed their plans. Forsta AP Fonden now owns 61,600 shares of the utilities provider’s stock worth $892,000 after purchasing an additional 36,500 shares in the last quarter. 6. Mr. Banskota serves as the Director at A, Senior Vice President of Solar Development Group, Senior Vice President of Wind Development, Chief Governance Officer & Corporate Secretary. About Algonquin Power & Utilities Corp., Liberty Utilities, Liberty Power. © 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POORâS FINANCIAL SERVICES LLC. Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Yet, they view this problem as creating opportunities for the firm. is forecast to be low in 3 years time (9.2%). Do Not Sell My Information. It starts with their business purpose – which is clearly and simply stated as “, 480-MW Maverick Creek Wind Project in Texas – In a, Asbury power plant in Missouri run by subsidiary, Chevron Renewable Power Project: Algonquin and Chevron, Algonquin has received outside recognition for their sustainability efforts. Climate change is a big problem. APUC is a diversified international generation, transmission and distribution utility … Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Asbury power plant in Missouri run by subsidiary Liberty Utilities. National Bank Financial set a $15.75 price target on Algonquin Power & Utilities and gave the stock an outperform rating in a report on Monday, July 20th. AQN's earnings (2.9% per year) are forecast to grow slower than the Canadian market (22.8% per year). • Activation Algonquin Power’s Roadmap for Sustainable Success. AQN's most recent quarterly dividend payment was made to shareholders of record on Thursday, October 15. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Other equities research analysts have also issued reports about the company. Earnings Trend: AQN's earnings have grown significantly by 54.8% per year over the past 5 years. High Dividend: AQN's dividend (4.01%) is low compared to the top 25% of dividend payers in the Canadian market (5.93%). Stable Share Price: AQN has not had significant price volatility in the past 3 months. Algonquin Power & Utilities Corp. owns and has interests in a diverse portfolio of renewable power generation and sustainable infrastructure assets across North America. AQN is trading below fair value by more than 20%. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Algonquin Power & Utilities (TSE:AQN) Is Growing Earnings But Are They A Good Guide? Canada-based Algonquin Power & Utilities Corporation has stated that the most significant future risks they see are related to climate change. growth over the last five years. AQN exceeded the Canadian Integrated Utilities industry which returned -2.8% over the past year. Explore more healthy companies in the Utilities industry. Statutory earnings per share are forecast to plummet 56% to US$0.46 in the same period. Shareholders of record on Wednesday, September 30th were paid a $0.308 dividend. gain of $378.5M impacting its June 30 2020 financial results. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities. Algonquin has received outside recognition for their sustainability efforts. (16x) is in line with the Canadian market. We have forecasts for Algonquin Power & Utilities going out to 2024, and you can see them free on our platform here. How experienced are the management team and are they aligned to shareholders interests? Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. On average, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.64 earnings per share for the current fiscal year. We are raising the earth’s temperature by burning fossil fuels, cutting down rainforests and farming livestock. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Looking for new stock ideas? So it's pretty clear the analysts have mixed opinions on Algonquin Power & Utilities after the latest results; even though they upped their revenue numbers, it came at the cost of a real cut to per-share earnings expectations. in the past year, with total shares outstanding growing by 14%. Climate change is a big problem. Gold’s upsurge is producing stellar gains as this tiny $1 per share gold company hits a major discovery hole on its flagship property. We are raising the earth’s temperature by burning fossil fuels, cutting down rainforests and farming livestock. Dividend Coverage: With its reasonable payout ratio (59.7%), AQN's dividend payments are covered by earnings. Find the latest ALGONQUIN POWER AND UTILITIES C (AQN.TO) stock quote, history, news and other vital information to help you with your stock trading and investing. Who are the major shareholders and have insiders been buying or selling? Trading at 36% below our estimate of its fair value. The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Algonquin Power & Utilities. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps.
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