Algonquin Power & Utilities Corp (AQN.TO)…

Algonquin Power & Utilities Corp (AQN.TO)

7.17

+0.02 (0.28%)

as of Oct 1, 2026, 8:00:00 pm Market Open.

1390 watching

HOLD

Recent slide in share price tough, but will continue to own shares. Management indicating that will need to re-evaluate long term growth targets. Higher interests creating big problems for debt financing (using floating rate debt). Recent purchase of Kentucky Power will have to be purchased with line of credit instead of equity (not ideal). Pushing back investor day(December) which market does not like. Dividend is not sustainable at current levels.

COMMENT

Aggressive growth by acquisition tripped it up. Recent acquisitions have not delivered on expectations.

PAST TOP PICK

(A Top Pick Oct 14/21, Down 29%) Darling company in the past years. Recent share price decline creating opportunity for investors. 100 year assets that are not going away. Distribution business still attractive (buying and selling power). Believes long term investors will be rewarded. Continues to own shares.

HOLD

Hoping company performs better going forward. Current share price is presenting buying opportunity, but time will tell.

WEAK BUY

Kentucky deal has stumbled, an opportunity to invest at a relatively good valuation. Fairly nice yield. If he owned, wouldn't sell, and you could dollar-cost-average down. Dividend relatively secure. See his Top Picks. Yield is 6.6%.

DON'T BUY

Didn't like constant share issuance and rising debt. Very acquisitive. Low growth businesses. Didn't like the renewables side. For dividends, he'd rather own FTS, TRP or ENB.

BUY

Multiple could get better if the acquisition happens. Yield's gotten really good, very attractive valuation, growth rate 8%, 12.6x 2023 PE. He's buying. A sleeper to buy now. Yield almost 7%.

BUY

Pretty attractive here for the long term. Nice and sustainable dividend yield, good assets. Well run. Entire sector under pressure mainly due to rising interest rates, but this is mostly baked in.

BUY

Fortis question Fortis is well-run. In utilities, his #1 choice is Brookfield Infrastructure and Algonquin which offer stronger growth, especially AQN. Utilities have come off a lot given rising rates, so choose one with strong growth. All have robust capital programs and enjoy strong demand. Prefers AQN in this space.

PAST TOP PICK

(A Top Pick Dec 17/21, Down 15%) Very undervalued but a great growth profile. A stable and durable operation with businesses in contracted utilities and renewable power. This week, they announced the sale of some of their renewables; they can choose which business to sell or grow.

BUY ON WEAKNESS

There comes a point when investors sell winners, interest rates have been creeping up, and utilities took a hit. Created a fantastic opportunity for all utilities. Solid management. Sold assets, brought in cash. Pick away at it. See his Top Picks.

BUY

Likes the stock as it is a defensive business model. Very healthy dividend yield of ~6%. Business will do well in recession. Current share price presenting good buying opportunity. Long term will be a good investment.

BUY

Big question for all utilities is what does the debt look like in the face of rising interest rates? ESG mandate toward renewables will continue to be an opportunity. Higher rates will recalculate returns and drive them higher. Outlook is good. Buy at these levels, and if it goes lower, buy more.

BUY

Utilities are defensive and good to hold in a downtown. All these stocks have pulled back with the market because rates are going up. This makes it a good time to buy.

TOP PICK

An ideal mix of power generation and opportunity in renewable energy . They're currently buying Kentucky Power. Shares have been rangebound $17-20 for a long time after a lot of growth, but he thinks they are consolidating and waiting for its next leg up. Meanwhile, you're paid around a 5% dividend which should grow. It's steady--it won't shoot the lights right away but will do 10-15 years later. (Analysts’ price target is $20.75)

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Algonquin Power & Utilities Corp (AQN.TO)