Algonquin Power & Utilities Corp (AQN.TO)…

Algonquin Power & Utilities Corp (AQN.TO)

7.55

-0.07 (0.92%)

as of Oct 23, 2026, 8:00:01 pm Market Closed.

1390 watching

TOP PICK

A very defensive play. A very strong development pipeline complemented by a good acquisition strategy. They create value through organic growth, acquisitions and other means. The valuation is at 18x earnings. A very attractive growth utility. (Analysts’ price target is $20.57)

TOP PICK

AQN is Canadian-listed, but American domiciled, paying their dividend in USD. They've done a great job growing the company. It's heading in the right direction and he's jumping in. At $18 now, it's halfway between its 52-week high and low. It pays a growing 4.6% dividend. They have a strong renewable energy profile. They just cut a deal with Chevron to green the latter's carbon businesses. We'll see more of this greening trend in the industry that he thinks AQN's CEO is focused on. He expects a lot of capital to flow into renewables (not oil companies) and tech. He just bought AQN. (Analysts’ price target is $20.58)

BUY

They have strong renewable assets in the U.S. so it should do well if Biden becomes President. Trades at 17.4x PE 2022. There's upside here. He models 10% EPS growth. They just reported some weakness because of COVID and bad weather. They just raised $1 billion equity but is slightly dilutive. Pays a 4.5% dividend yield. They just got added to the S&P 60. so maybe we'll see some catch-up. The trend is towards renewables. They have a decent balance sheet at 17.4x 2021. You can pick away at it now around $18.

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.

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Algonquin Power & Utilities Corp (AQN.TO)