TSE:AQN

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
0
BUY ON WEAKNESS
Part of their growth is by acquisition, funded by equity issues. Stock treads water for a while, as new owners get comfortable. In next 6-12 months, they should do another acquisition with higher dividends and earnings, and the stock will go into the low $20s. Be a holder, and even a buyer on weakness.
TOP PICK
In the current zero interest rate environment, it's a great fixed income proxy but offers excellent growth. Metrics have been positive for a long time. Growth plus prudent asset management. Yield is 4.69%. (Analysts’ price target is $21.16)
TOP PICK
It's new for him--he's never bought green energy and AQN was the best way to enter this space. A premier North American company boasting a good mix of resources with a lot of locked-in contractual returns. Strong record of reliable operations and pays a solid 4.7% dividend. He was seeking an environmental friendly asset for his clients and this fit the bill. (Analysts’ price target is $21.25)
BUY
75% is regulated, 25% is renewable. Very defensive cash flow. Equity issue last week took care of all financing needs for their capital program for the next year. Will grow their cash flow and their dividend. Nice stable stock. Yield is about 4.5%.
TOP PICK
A very unique Canadian listed company that has over 90% of revenues coming from US markets. The majority of its cash flow comes from the regulated return side. It is a fairly small market cap in the utility space. They have made a successful strategy of acquiring unloved assets and have good organic growth as well. It trades at 17 times earnings and 10 times cash flow. A good defensive holding. Yield 4.74% (Analysts’ price target is $21.32)
HOLD

It is a hold like most utilities. Canadian utilities cleaned up their balance sheets since the last recession and then used them to acquire US companies. This has largely been played out now. The CEO has recently stepped down and this creates uncertainty.

STRONG BUY
It's one of his biggest holdings. Very defensive and safe from the pandemic. Really likes this stock and sector. He'd still buy at current levels despite the run-up. The dividend should continue to grow, too, despite other stocks suspending theirs.
BUY

NEE-N vs. AQN-T. He would choose NEE-N. Part of the appeal of renewable energy is that they have one of the best R&D teams internally in the company, to ensure all projects they do come on stream as planned and to be more innovative in other green solutions including battery storage. It is the old "Florida Light and Power". It is growing at double digits of 10 or 12% per year and usually these companies are at 5-7%.

BUY
He really likes it. It is his larger holdings in the utility space and one of his largest holdings in his portfolio over all. He has a lot of respect for what management is doing. They have lots of available liquidity and the dividend is safe. They may ratchet down their dividend growth going forward.
TOP PICK
About 75% of revenues come from the regulated portion of their business. They are also into renewable power. This makes cash flow steady and defend able. She thinks the dividend could continue to grow. Yield 4.6% (Analysts’ price target is $21.68)
BUY
He owns this one. As a utility, it also has a renewable business. It trades about 12 times cash flow. A good conservative holding. It has some US market exposure as well.
COMMENT
Utilities? He has owned a lot of AQN and FTS -- they have done well with interest rates going down. As long as government money is flowing, the lights will all stay on. He might wait to buy AQN in the $18 range.
BUY
He likes it. There is huge volatility. Try to buy around the $14 level. He would like to see more downside, or you can buy it here.
BUY ON WEAKNESS
Loves AQN and clean energy. ESG is gathering momentum. In this bear market, these stocks are getting hammered--and are a buying opportunity. Buy at $13.50, his downside target.
HOLD
He likes it. They had a fantastic year. They announced the succession plan for the CEO. The stock price has run up. He does not see so much upside over the near term. Going forward he thinks there is not so much in catalysts but over the long term it will have tremendous rate-based growth.
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