A Detailed Analysis Of Algonquin Power & Utilities Corp. (AQN)

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Algonquin Power & Utilities Corp. (NYSE:AQN) has a beta value of 0.18 and has seen 7.86 million shares traded in the last trading session. The company, currently valued at $11.03B, closed the last trade at $14.28 per share which meant it lost -$0.01 on the day or -0.07% during that session. The AQN stock price is -25.07% off its 52-week high price of $17.86 and 0.07% above the 52-week low of $14.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.94 million shares traded. The 3-month trading volume is 1.82 million shares.

Sporting -0.07% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 11/05/21 when the AQN stock price touched $14.28 or saw a rise of 1.79%. Year-to-date, Algonquin Power & Utilities Corp. shares have moved -13.24%, while the 5-day performance has seen it change -1.04%. Over the past 30 days, the shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have changed -2.12%. Short interest in the company has seen 7.15 million shares shorted with days to cover at 7.28.

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Wall Street analysts have a consensus price target for the stock at $17.53, which means that the shares’ value could jump 18.54% from current levels. The projected low price target is $16.00 while the price target rests at a high of $19.00. In that case, then, we find that the current price level is -33.05% off the targeted high while a plunge would see the stock gain -12.04% from current levels.

Algonquin Power & Utilities Corp. (AQN) estimates and forecasts

The company’s shares have lost -10.08% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 26.80% over the past 5 years.

AQN Dividends

Algonquin Power & Utilities Corp. is expected to release its next earnings report between November 10 and November 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.68 at a share yield of 4.76%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.31%.

Algonquin Power & Utilities Corp. (NYSE:AQN)’s Major holders

Insiders own 0.16% of the company shares, while shares held by institutions stand at 53.72% with a share float percentage of 53.81%. Investors are also buoyed by the number of investors in a company, with Algonquin Power & Utilities Corp. having a total of 440 institutions that hold shares in the company. The top two institutional holders are Bank of Montreal/Can/ with over 40.89 million shares worth more than $647.64 million. As of Mar 30, 2021, Bank of Montreal/Can/ held 6.68% of shares outstanding.

The other major institutional holder is Royal Bank of Canada, with the holding of over 28.91 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $457.9 million and represent 4.72% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs GQG Partners International Opportunities Fund and Vanguard International Stock Index-Total Intl Stock Indx. As of Jan 30, 2021, the former fund manager holds about 1.51% shares in the company for having 9.25 million shares of worth $153.73 million while later fund manager owns 7.81 million shares of worth $129.79 million as of Jan 30, 2021, which makes it owner of about 1.28% of company’s outstanding stock.