Algonquin Power & Utilities Corp | StockChase
220
Algonquin Power & Utilities Corp (AQN-T)

Last Price Recorded: $14.1300 on 2017-12-15

ON STOCKCHASE SINCE Nov 2000

hydro generating US and Canada

electrical utilities
220
Algonquin Power & Utilities Corp (AQN-T)

Last Price Recorded: $14.1300 on 2017-12-15

ON STOCKCHASE SINCE Nov 2000

hydro generating US and Canada

electrical utilities

Algonquin Power & Utilities Corp


Signal Opinion Expert
HOLD

Has looked at this many times, but prefers others. This one is kind of a growthier utility. The stock has done well and will continue to do so. They are talking 8%-10% dividend growth for the next 2 to 3 years. Dividend yield of 4.25%.

electrical utilities

Has looked at this many times, but prefers others. This one is kind of a growthier utility. The stock has done well and will continue to do so. They are talking 8%-10% dividend growth for the next 2 to 3 years. Dividend yield of 4.25%.

electrical utilities
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$14.080
Owned Owned
No

COMMENT

Canadian utility companies seem to be making acquisitions for growth. She owns this in some of her utility accounts. Utilities are focused on renewables, which is a positive. A nice trend for the future. They recently made a $500 million equity issue, which is why the stock pulled back, as they usually do an issue below the market price. Longer-term, this is an attractive investment and offers an attractive dividend yield.

electrical utilities

Canadian utility companies seem to be making acquisitions for growth. She owns this in some of her utility accounts. Utilities are focused on renewables, which is a positive. A nice trend for the future. They recently made a $500 million equity issue, which is why the stock pulled back, as they usually do an issue below the market price. Longer-term, this is an attractive investment and offers an attractive dividend yield.

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$13.320
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Oct 21/16. Up 20%.) This has been a Top Pick for several years.

electrical utilities

(A Top Pick Oct 21/16. Up 20%.) This has been a Top Pick for several years.

electrical utilities
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.470
Owned Owned
Yes

PAST TOP PICK

(A Past Top Pick Oct 28/16, Up 18%)  The equity issue was sold.  He still owns it and still likes it.  He did not buy the issue because he already owned it.  He bought it for new clients this morning below the price, however.  It is a buying opportunity because it is an artificially created dip and it should go back up shortly.

electrical utilities

(A Past Top Pick Oct 28/16, Up 18%)  The equity issue was sold.  He still owns it and still likes it.  He did not buy the issue because he already owned it.  He bought it for new clients this morning below the price, however.  It is a buying opportunity because it is an artificially created dip and it should go back up shortly.

electrical utilities
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$13.300
Owned Owned
Yes

BUY

This has done well, and likes how it is positioned for growth going forward. Has a fairly even split in how they generate revenue between the power generation and the distribution. We are seeing growth on both sides. On the generation side, there is lots of transparency in terms of cash flows. On the distribution side, they made the large acquisition of Empire, which has put on a lot of new clients for them. Although you have to be careful of interest sensitives, this company does have the positioning to continue to grow. Dividend yield of about 4.25%. He is still buying this for new clients.

electrical utilities

This has done well, and likes how it is positioned for growth going forward. Has a fairly even split in how they generate revenue between the power generation and the distribution. We are seeing growth on both sides. On the generation side, there is lots of transparency in terms of cash flows. On the distribution side, they made the large acquisition of Empire, which has put on a lot of new clients for them. Although you have to be careful of interest sensitives, this company does have the positioning to continue to grow. Dividend yield of about 4.25%. He is still buying this for new clients.

electrical utilities
Kash Pashootan

Sr. VP & Portfolio Manager, First Avenue Advisor...

PricePrice
$13.750
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Oct 28/16. Up 24%.) In a general sense, this is like some of these growth utilities; making acquisitions in the US, and using their paper. That is what you want. If you are going to buy something for yield, you can’t just have stagnating earnings growth, you need them to have the ability to raise the dividend so that they can lean into higher rates, and the stock will continue to grow. He is hopeful that there will be another accretive acquisition coming soon.

electrical utilities

(A Top Pick Oct 28/16. Up 24%.) In a general sense, this is like some of these growth utilities; making acquisitions in the US, and using their paper. That is what you want. If you are going to buy something for yield, you can’t just have stagnating earnings growth, you need them to have the ability to raise the dividend so that they can lean into higher rates, and the stock will continue to grow. He is hopeful that there will be another accretive acquisition coming soon.

electrical utilities
Bruce Campbell (1)

President, Campbell and Lee Inv...

PricePrice
$14.000
Owned Owned
Yes

COMMENT

If you are going to be in this space, you are going to have to have growth, and this company has that. This is way outperforming the group. 4.3% dividend yield. (See Top Picks.)

electrical utilities

If you are going to be in this space, you are going to have to have growth, and this company has that. This is way outperforming the group. 4.3% dividend yield. (See Top Picks.)

electrical utilities
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$13.910
Owned Owned
Yes

HOLD

A good, long term investment. The yield is very attractive. If there is a spike in interest rates, all yields in utilities will pull back. The company has done well.

electrical utilities

A good, long term investment. The yield is very attractive. If there is a spike in interest rates, all yields in utilities will pull back. The company has done well.

electrical utilities
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$13.610
Owned Owned
Yes

COMMENT

Ranks in the top 10% of his quant model. Year-over-year earnings gain of 62% plus 43% sales growth. The outlook is positive. Earnings are expected to grow 15% in the coming year. There is a great opportunity for them to be able to continue to grow for the next 2-3 years.

electrical utilities

Ranks in the top 10% of his quant model. Year-over-year earnings gain of 62% plus 43% sales growth. The outlook is positive. Earnings are expected to grow 15% in the coming year. There is a great opportunity for them to be able to continue to grow for the next 2-3 years.

electrical utilities
Robert McWhirter

President, Selective Asset Mana...

PricePrice
$13.400
Owned Owned
No

COMMENT

His problem with utilities is that they are not growing organically, but are making acquisitions for growth. As interest rates start to rise, that could cause big issues. Half their business is regulated, but half is not. On the regulated side, they have no choice but to have debt preferred and equity issues. On the nonregulated side, that is where they want to make the bulk of their money because if the renewable assets were to decline, it is going to affect their business. The good news on this is that the US acquisition is pretty much shifting from coal to gas, and they are starting to see better margins.

electrical utilities

His problem with utilities is that they are not growing organically, but are making acquisitions for growth. As interest rates start to rise, that could cause big issues. Half their business is regulated, but half is not. On the regulated side, they have no choice but to have debt preferred and equity issues. On the nonregulated side, that is where they want to make the bulk of their money because if the renewable assets were to decline, it is going to affect their business. The good news on this is that the US acquisition is pretty much shifting from coal to gas, and they are starting to see better margins.

electrical utilities
David Driscoll

President & CEO, Liberty Internationa...

PricePrice
$13.360
Owned Owned
Unknown

COMMENT

He does not know the seasonality.  Utility stocks do well in the summer.  We are in a trading range.  We are testing close to the bottom.  He would be a bit careful here.  Utilities typically underperform the market about now.  He is neutral.

electrical utilities

He does not know the seasonality.  Utility stocks do well in the summer.  We are in a trading range.  We are testing close to the bottom.  He would be a bit careful here.  Utilities typically underperform the market about now.  He is neutral.

electrical utilities
Don Vialoux

Research Analyst, TimingTheMarket.CA &...

PricePrice
$13.350
Owned Owned
Unknown

BUY on WEAKNESS

The only bad thing is that most earnings are from the US, and the rising Cdn$ is hurting them a little. It has an excellent growth rate. He is looking at 16% EPS over the next couple of years. Trades at the same multiple as its peers, 17X. Has a 61% payout ratio. The Empire acquisition is proceeding very well. If you can get this in the $12 range, you should buy it.

electrical utilities

The only bad thing is that most earnings are from the US, and the rising Cdn$ is hurting them a little. It has an excellent growth rate. He is looking at 16% EPS over the next couple of years. Trades at the same multiple as its peers, 17X. Has a 61% payout ratio. The Empire acquisition is proceeding very well. If you can get this in the $12 range, you should buy it.

electrical utilities
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.110
Owned Owned
Unknown

BUY on WEAKNESS

A core position for a long time for him.  He buys more on dips.  They should be able to grow for many years to come.  The dividend is in US$ and should continue to grow.

electrical utilities

A core position for a long time for him.  He buys more on dips.  They should be able to grow for many years to come.  The dividend is in US$ and should continue to grow.

electrical utilities
Stephen Takacsy, B. Eng, MBA

Chief Investment Officer & Portfolio Mgr, Lester Asset Managem...

PricePrice
$13.090
Owned Owned
Yes

BUY

Canada has done an extremely good job of acquiring companies in the US in the utility sector. Something like 70% of this company’s earnings comes from the US. Management has done an excellent job. They have a target of increasing their dividend 10% per year over the next 5 years, and possibly longer. Dividend yield of 4.6%.

electrical utilities

Canada has done an extremely good job of acquiring companies in the US in the utility sector. Something like 70% of this company’s earnings comes from the US. Management has done an excellent job. They have a target of increasing their dividend 10% per year over the next 5 years, and possibly longer. Dividend yield of 4.6%.

electrical utilities
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Manage...

PricePrice
$12.960
Owned Owned
Yes

HOLD

A very nice small-cap and has done very well. Continue holding this if you have it. It has a 4.4% dividend yield.

electrical utilities

A very nice small-cap and has done very well. Continue holding this if you have it. It has a 4.4% dividend yield.

electrical utilities
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$13.460
Owned Owned
Yes

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1 Comment

hitch

October 24th 2017 at 8:13am

TD raises price target to $16.00 same day stock falls yeah TD research


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