Algonquin Power & Utilities Corp. [AQN] Revenue clocked in at $2.58 billion, down -3.46% YTD: What’s Next?


Algonquin Power & Utilities Corp. [NYSE: AQN] loss -0.50% on the last trading session, reaching $13.95 price per share at the time. The company report on January 10, 2022 that Algonquin Power & Utilities Corp. Announces Consideration of Subordinated Debt Offerings.

Algonquin Power & Utilities Corp. (“AQN” or the “Company”) (TSX/NYSE: AQN) today announced that it is considering an underwritten public offering in the United States of U.S. dollar denominated fixed-to-fixed reset rate junior subordinated notes series 2022-B due 2082 (the “U.S. Offering”).

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Concurrently with the U.S. Offering, AQN has also announced that it is considering an underwritten public offering in Canada of Canadian dollar denominated fixed-to-fixed reset rate junior subordinated notes series 2022-A due 2082 (the “Canadian Offering”, and together with the U.S. Offering, the “Offerings”). The completion of the U.S. Offering is not contingent on the success of any other offering, including the Canadian Offering, and the completion of the Canadian Offering is not contingent on the success of any other offering, including the U.S. Offering. There is no certainty that AQN will complete either of the Offerings or as to the timing or terms on which either of the Offerings might be completed.

Algonquin Power & Utilities Corp. represents 671.89 million in outstanding shares, while the company has a total market value of $11.83 billion with the latest information. AQN stock price has been found in the range of $13.90 to $14.09.

If compared to the average trading volume of 2.58M shares, AQN reached a trading volume of 8404963 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Algonquin Power & Utilities Corp. [AQN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AQN shares is $17.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AQN stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BMO Capital Markets have made an estimate for Algonquin Power & Utilities Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 10, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 14, 2021, representing the official price target for Algonquin Power & Utilities Corp. stock.

The Average True Range (ATR) for Algonquin Power & Utilities Corp. is set at 0.23, with the Price to Sales ratio for AQN stock in the period of the last 12 months amounting to 4.58. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 0.31.

Trading performance analysis for AQN stock

Algonquin Power & Utilities Corp. [AQN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.38. With this latest performance, AQN shares gained by 0.50% in over the last four-week period, additionally sinking by -6.75% over the last 6 months – not to mention a drop of -16.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AQN stock in for the last two-week period is set at 42.17, with the RSI for the last a single of trading hit 36.38, and the three-weeks RSI is set at 43.98 for Algonquin Power & Utilities Corp. [AQN]. The present Moving Average for the last 50 days of trading for this stock 14.08, while it was recorded at 14.07 for the last single week of trading, and 15.13 for the last 200 days.

Algonquin Power & Utilities Corp. [AQN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Algonquin Power & Utilities Corp. [AQN] shares currently have an operating margin of +21.44 and a Gross Margin at +25.05. Algonquin Power & Utilities Corp.’s Net Margin is presently recorded at +47.47.

Return on Total Capital for AQN is now 3.84, given the latest momentum, and Return on Invested Capital for the company is 9.50. Return on Equity for this stock inclined to 18.01, with Return on Assets sitting at 6.77. When it comes to the capital structure of this company, Algonquin Power & Utilities Corp. [AQN] has a Total Debt to Total Equity ratio set at 87.49. Additionally, AQN Total Debt to Total Capital is recorded at 46.66, with Total Debt to Total Assets ending up at 34.43. Long-Term Debt to Equity for the company is recorded at 87.92, with the Long-Term Debt to Total Capital now at 45.23.

Reflecting on the efficiency of the workforce at the company, Algonquin Power & Utilities Corp. [AQN] managed to generate an average of $305,004 per employee. Receivables Turnover for the company is 5.89 with a Total Asset Turnover recorded at a value of 0.14.Algonquin Power & Utilities Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.60.

Algonquin Power & Utilities Corp. [AQN]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AQN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Algonquin Power & Utilities Corp. go to 8.70%.

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An analysis of insider ownership at Algonquin Power & Utilities Corp. [AQN]

There are presently around $3,470 million, or 45.89% of AQN stock, in the hands of institutional investors. The top three institutional holders of AQN stocks are: BANK OF MONTREAL /CAN/ with ownership of 42,058,381, which is approximately -5.376% of the company’s market cap and around 0.15% of the total institutional ownership; ROYAL BANK OF CANADA, holding 31,210,845 shares of the stock with an approximate value of $435.39 million in AQN stocks shares; and VANGUARD GROUP INC, currently with $271.83 million in AQN stock with ownership of nearly 5.934% of the company’s market capitalization.

Positions in Algonquin Power & Utilities Corp. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 124 institutional holders increased their position in Algonquin Power & Utilities Corp. [NYSE:AQN] by around 12,669,016 shares. Additionally, 98 investors decreased positions by around 28,340,423 shares, while 37 investors held positions by with 207,728,981 shares. The mentioned changes placed institutional holdings at 248,738,420 shares, according to the latest SEC report filing. AQN stock had 27 new institutional investments in for a total of 1,471,390 shares, while 24 institutional investors sold positions of 3,604,903 shares during the same period.