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Opinion for Algonquin Power & Utilities Corp (AQN-T)

Signal Price Bias Subject Owned

Recently added this to his portfolio. Similar to Emera (EMA-T) or Fortis (FTS-T), it is in the power/utility space. Pays a yield of about 4.7%. They bought some assets in the US, so are diversifying their asset base a little. One thing with these defensive plays that are more yield oriented, the fear of interest rates has kind of gone up in the US, and stocks have come down a little. He can see 20% upside growth in this name.

Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management



October 27th 2016 at 1:14pm

I believe they overpaid for the recent U.S. acquisition. No need to buy until earnings come out and we have better data to arrive at a fair price.


November 16th 2016 at 1:42pm

The Emera website says: "Algonquin Power & Utilities Corp (APUC) and Emera jointly own and operate assets through US utility company California Pacific Electric Company (Calpeco), LLC. Emera’s 20.8% equity interest in APUC allows for a share in APUC’s clean, renewable electric generation and sustainability utility distribution businesses. APUC’s focus on unregulated renewables and small electric and gas utilities provides a broad platform for growth in Emera’s renewables strategy."

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