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

Was concerned about this a couple of years ago when the US housing market tanked. One of their growth areas was in Arizona. Recently people have started to realize that this is a pretty solid outfit. Good diversification of assets being in Hydro and specialty power production. Good safe stock to be in. Feels the 4.14% dividend is quite safe.

PAST TOP PICK

(A Top Pick Feb 16/12. Up 12.02%.)

COMMENT

Power business married with a utility business. Probably worth $7 and he would probably nibble away in the low $6’s. Some of their acquisitions have exposed them to a little bit of the merchant power sector, meaning their generation isn’t fully contracted for the long-term but doesn’t think this will be a significant component of cash flow going forward.

WAIT
Have entered into a partnership with Emera (EMA-T) where they are trying to buy some assets from the state of Maine. Maine is deciding whether they want Emera to own both the transmission and distribution. This stock is cheap, but that is because of uncertainty.
BUY
Really likes this one. Has been weak lately. One of the issues has being their announcement of all the potential acquisitions that they are working on. Should go higher.
TOP PICK
Likes it because it is good relative value. Acquisitions that would require regulatory approval in US. Name that gets 8% free cash flow yield and payout ratio less than 40%.
COMMENT
Used to own but didn't like some of the management contracts but it has since changed. Doesn't get a good feel for it.
TOP PICK
Relatively small cap name. This is a good time to be thinking defence. Decent organic growth but has been very effective at small tuck-in acquisitions of regulated utilities throughout the US. Partnership with Emerus (?) which is positive. Free cash flow yield. Dividend yield of over 5%.
BUY
Has done well. Just reported good numbers. Optimistic about them. Yield of almost 5%.
HOLD
3 major divisions. Sewage and utilities got hit with the US housing market. Also have lots of water power in New England. Good solid utility. Thinks they are for sale. Assets are worth more than what the stock is trading at. 5% yield.
DON'T BUY
Power company. Sporadic and not a favourite of his.
BUY
7% debenture due 2017. This would be a very solid way to go as an investment. While the name has had some problems in the past, it has recently been upgraded by a number of brokerage houses.
TOP PICK
They had a problem with conversion from income trust. They cut their distributions by 50%. They had non-performing assets. Now he can see some utility rate increases coming. Yield 6.8%. He likes the renewables space and they are a proxy on renewables.
HOLD
Any company involved in the power space long-term is well positioned. Currently in potential talks to do a deal so there could be some upside from M&A activity. 6.9% distribution is probably safe.
SELL
(Market Call Minute.) Thinks the management team is weak and he doesn't like the collection of assets.
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