Algonquin Power & Utilities Corp (AQN-T)
1103 watching
TSE:AQN
18.36
0.07
(0.38%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
May 18, 2022, 8:00 pm
0
TOP PICK
70% regulated with stable defensive cashflows, 30% renewables with long-term growth prospects. She chose a defensive income stock for this market environment. Last year's acquisition has untapped earnings potential. Equity issue overhung the stock, underperformed peers FTS and EMA. Attractive yield of 4.31%. (Analysts’ price target is $20.88)
electrical utilities
$19.780
Owned
STRONG BUY
Good hold for the dividend? Really likes. Attractive valuation. Dividend is very sustainable and has grown over time. Regulated, so interest-rate sensitive. You have to skew towards interest-rate sensitives that can grow. AQN fits that profile. Really good growth profile, solid management.
electrical utilities
BUY
Some avoid utilities as interest rates rise. However, Canadian utilities have done very well due to the Russian invasion. So, investors seek defence in this sector. He also likes clean energy like AQN, which he trimmed a little. Clean energy will come back this year after a strong 2020 and maybe not as strong as 2020, but still good.
electrical utilities
Unspecified
Good for income and growth with a history of dividend growth. There is a need to strengthen the grid in generation, transmission and distribution so this makes for a good opportunity for the utility companies.There is a real opportunity in utilities in renewable generators of power. An opportunity of the decade. Algonquin is a lower beta company.
electrical utilities
PARTIAL SELL
Big move recently, due to flight to defense. Still likes it and its dividend, but pricier now at 18x 2023 earnings. Growth rate has come down to 6.5%. On price to growth, there's better value elsewhere. Likes the renewable play and defensive nature. Sell calls or reduce your position. Look to add around $16.
electrical utilities
BUY
The Russian war shows us how much the west depends on oil and natural gas from Russia, which is not a good situation. Countries will be more self-sufficient in energy. This means more renewable and nuclear energy. Germany likely regrets mothballing nuclear. Renewables are a good place to be and Canadian offers some good names. AQN and most others are good. The stock hasn't been huge lately, but demand from retail and corporate investors for green energy will push shares higher. ESG is the future, says the street. People buy these companies mainly for the income. This is a solid choice. The dividend will likely rise.
electrical utilities
BUY on WEAKNESS
Half is renewable, half is regulated utility. Sees further upside. Not adding at current levels, but would on a pullback. Acquires companies that are under-earning, right-sizes them to generate more cashflow. One caveat is that they'll always be in the market for equity, so there will always be a bit of an overhang. If you don't want that, ALA is a great name. It has a utility and a mid-stream business, and its valuation is still quite compelling at current levels.
electrical utilities
BUY
Really, really likes it. Growth profile and valuation are attractive. Has sold off lately. Threat of rising rates hit utilities hard. Lots of value in today's market. Almost made today's Top Picks list.
electrical utilities
BUY
Is a core holding of portfolio and likes the business.
Rising interest rates will create positive environment for utilities.
Good management that executes well.
electrical utilities
PAST TOP PICK
(A Top Pick Jan 06/21, Down 14%) Rough year for all power producers, especially renewables. Actually performed OK in relation to peers. Utility assets are looking relatively attractive again. They might shine again in 2022-23, if you're looking for defense and a potentially challenging year. If the market rips ahead, these will lag, but he likes the 5-ish% dividend. Long term for him.
electrical utilities
BUY
For a taxable account so you get the tax credit It pays a nice, rising dividend, but shares have drifted lower in the past year, until it's now attractive. AQN is among the best in renewable energy.
electrical utilities
BUY
For a taxable account so you get the tax credit It pays a nice, rising dividend, but shares have drifted lower in the past year, until it's now attractive. AQN is among the best in renewable energy.
electrical utilities
BUY
The dividend should be solid . Good to buy in layers as with other stocks. Some now and more later as price rises.. He owns Brookfield Limited Partners and likes the management.
electrical utilities
WAIT
Likes it. For energy, he shops around for dividend yield, and balances the portfolio around those. He wants to hold higher levels of cash right now, as he's concerned about markets. He'd wait to buy more, but still owns them for the cashflow.
electrical utilities
BUY
AQN vs. TA vs. RNW AQN's growth rate is 13%, trading around $17, a discount to the group. At these levels, when not many people are owning it and not expecting much, AQN pays a nice dividend. RNW had turbine problems and pulled back. TA is at a discount to the sum of its parts, as it owns RNW but doesn't get full value in the share price. TA is the better buy for upside.
electrical utilities
Algonquin Power & Utilities Corp(AQN-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 39
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 44
Algonquin Power & Utilities Corp(AQN-T) Frequently Asked Questions
What is Algonquin Power & Utilities Corp stock symbol?
Algonquin Power & Utilities Corp is a Canadian stock, trading under the symbol AQN-T on the Toronto Stock Exchange (AQN-CT). It is usually referred to as TSX:AQN or AQN-T
Is Algonquin Power & Utilities Corp a buy or a sell?
In the last year, 44 stock analysts published opinions about AQN-T. 39 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Algonquin Power & Utilities Corp.
Is Algonquin Power & Utilities Corp a good investment or a top pick?
Algonquin Power & Utilities Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Algonquin Power & Utilities Corp.
Why is Algonquin Power & Utilities Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Algonquin Power & Utilities Corp worth watching?
44 stock analysts on Stockchase covered Algonquin Power & Utilities Corp In the last year. It is a trending stock that is worth watching.
What is Algonquin Power & Utilities Corp stock price?
On 2022-05-18, Algonquin Power & Utilities Corp (AQN-T) stock closed at a price of $18.36.
