ducovest

AQN:NYE-Algonquin Power & Utilities Corp (USD)

COMMON STOCK | Utilities - Renewable |

Last Closing

USD 5.44

Change

+0.08 (+1.49)%

Market Cap

USD 4.13B

Volume

5.48M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

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 connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada. Address: 354 Davis Road, Oakville, ON, Canada, L6J 2X1

Company Website : https://algonquinpower.com

Currency: USD

Country : USA

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2024-09-26 )

Largest Industry Peers for Utilities - Renewable

Symbol Name Price(Change) Market Cap
GEV GE Vernova LLC

-3.83 (-1.50%)

 USD 46.01B
BEP Brookfield Renewable Partners ..

+0.32 (+1.16%)

 USD 18.28B
EBR-B Centrais Elétricas Brasileira..

+0.19 (+2.43%)

 USD 17.19B
CWEN-A Clearway Energy Inc

-0.44 (-1.55%)

 USD 5.89B
CWEN Clearway Energy Inc Class C

-0.45 (-1.48%)

 USD 5.83B
BEPC Brookfield Renewable Corp

+0.26 (+0.82%)

 USD 5.76B
ETG Eaton Vance Tax Advantaged Glo..

+0.23 (+1.21%)

 USD 0.57B
AMPS Altus Power Inc

+0.14 (+4.52%)

 USD 0.50B
ELLO Ellomay Capital Ltd

+0.46 (+3.98%)

 USD 0.15B
NRGV Energy Vault Holdings Inc

+0.04 (+4.24%)

 USD 0.15B

ETFs Containing AQN

BANK:CA Evolve Canadian Banks and.. 12.80 % 0.39 %

+0.05 (+-0.85%)

 CAD 0.25B
XDIV:CA iShares Core MSCI Canadia.. 6.24 % 0.11 %

+0.11 (+-0.85%)

 CAD 1.65B
QXM:CA First Asset Morningstar N.. 5.15 % 0.58 %

+0.26 (+-0.85%)

 CAD 0.08B
XUT:CA iShares S&P/TSX Capped Ut.. 3.91 % 0.62 %

+0.36 (+-0.85%)

 CAD 0.32B
DIVS:CA Evolve Active Canadian Pr.. 3.42 % 0.90 %

-0.02 (-0.85%)

 CAD 0.05B
TQCD:CA TD Q Canadian Dividend ET.. 3.07 % 0.00 %

+0.06 (+-0.85%)

 CAD 0.38B
JHPI John Hancock Preferred In.. 0.65 % 0.00 %

-0.20 (-0.85%)

 USD 0.04B
FDY:CA Faraday Copper Corp. 0.00 % 1.76 %

+0.03 (+-0.85%)

 CAD 0.17B
FIE:CA iShares Canadian Financia.. 0.00 % 0.97 %

+0.04 (+-0.85%)

 CAD 1.06B
HAL:CA Global X Active Canadian .. 0.00 % 0.78 %

-0.02 (-0.85%)

 CAD 0.12B
HEX:CA 0.00 % 0.84 %

N/A

 N/A
RODM Hartford Multifactor Deve.. 0.00 % 0.31 %

+0.52 (+-0.85%)

 N/A
DXC:CA Dynamic Active Canadian D.. 0.00 % 0.86 %

+0.32 (+-0.85%)

 N/A
HLIF:CA Harvest Canadian Equity I.. 0.00 % 0.00 %

+0.04 (+-0.85%)

 CAD 0.11B
UTIL:CA Global X Canadian Utility.. 0.00 % 0.00 %

N/A

 CAD 0.01B

Market Performance

  Market Performance vs. Industry/Classification (Utilities - Renewable) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -13.92% 47% F 12% F
Dividend Return 3.43% 45% F 64% D
Total Return -10.49% 47% F 13% F
Trailing 12 Months  
Capital Gain -10.08% 33% F 13% F
Dividend Return 5.38% 55% F 70% C-
Total Return -4.70% 33% F 14% F
Trailing 5 Years  
Capital Gain -60.15% 10% F 7% C-
Dividend Return 20.35% 44% F 70% C-
Total Return -39.79% 10% F 9% A-
Average Annual (5 Year Horizon)  
Capital Gain -15.92% 18% F 5% F
Dividend Return -11.26% 24% F 6% D-
Total Return 4.66% 77% C+ 78% C+
Risk Return Profile  
Volatility (Standard Deviation) 22.21% 76% C+ 47% F
Risk Adjusted Return -50.70% 29% F 6% D-
Market Capitalization 4.13B 50% F 75% C

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Low debt

The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector. Sometimes this is low because the company is not growing and has no growth potential.

Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to book value

The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Superior total returns

The stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

Superior Revenue Growth

This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.

Superior Dividend Growth

This stock has shown top quartile dividend growth in the previous 5 years compared to its sector

High Gross Profit to Asset Ratio

This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in the long run.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Poor return on equity

The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Overpriced on free cash flow basis

The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.

Low Earnings Growth

This stock has shown below median earnings growth in the previous 5 years compared to its sector