Algonquin Power & Utilities Corp

AQN-T

TSE:AQN

18.12
0.00 (0.00%)
Algonquin Power & Utilities Corp. is a renewable energy and regulated utility company with assets across North America.
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Analysis and Opinions about AQN-T

Signal
Opinion
Expert
BUY
BUY
January 30, 2019
AQN vs. Fortis Both are good companies that pay good yields, though AQN has a little more growth while Fortis is steadier. Both have done acquisitions to propel future earnings growth. It's hard to choose one.
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AQN vs. Fortis Both are good companies that pay good yields, though AQN has a little more growth while Fortis is steadier. Both have done acquisitions to propel future earnings growth. It's hard to choose one.
BUY
BUY
January 18, 2019
Target price of $17. It's been stuck at $14, but remember it didn't go down like the market did. Has 8% EPS growth trading at 15.7x which is cheaper than Fortis and Emera. Has a lot of wind on its back.
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Target price of $17. It's been stuck at $14, but remember it didn't go down like the market did. Has 8% EPS growth trading at 15.7x which is cheaper than Fortis and Emera. Has a lot of wind on its back.
BUY
BUY
January 16, 2019
AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
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AQN vs. NPI He likes and owns them both. They offer steady cash flow. Likes their dividends which should continue for quite a while. The downside to these and other utilities is that pension funds own them. So if there's a downturn, these will come down in price from a sell-off.
PARTIAL SELL
PARTIAL SELL
January 15, 2019
They had a good year in 2018. It's been a great performer over a long time. They've been aggressively buying and have executed well. He owns Northland Power instead, which has slightly more upside and growth. Nothing wrong with AQN. You can take profits here and buy banks or oil/gas or other overly punished sectors.
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They had a good year in 2018. It's been a great performer over a long time. They've been aggressively buying and have executed well. He owns Northland Power instead, which has slightly more upside and growth. Nothing wrong with AQN. You can take profits here and buy banks or oil/gas or other overly punished sectors.
BUY
BUY
January 3, 2019
He likes it. You get a 5% yield but you also get growth and this differentiates them from other domestic utility names. It pays its dividend in US$. He likes the twist of its US assets. This is a good stable name.
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He likes it. You get a 5% yield but you also get growth and this differentiates them from other domestic utility names. It pays its dividend in US$. He likes the twist of its US assets. This is a good stable name.
COMMENT
COMMENT
December 18, 2018
They're increasing their dividend 10% and have a serious capex program. But if the economy slows, will they have trouble raising equity?
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They're increasing their dividend 10% and have a serious capex program. But if the economy slows, will they have trouble raising equity?
COMMENT
COMMENT
November 28, 2018
He's avoided utilities until recently. Has good price momentum and it's stable, but it's 16x PE is merely okay. AQN carries a fair bit of debt. He's neutral on AQN.
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He's avoided utilities until recently. Has good price momentum and it's stable, but it's 16x PE is merely okay. AQN carries a fair bit of debt. He's neutral on AQN.
TOP PICK
TOP PICK
November 13, 2018
A nice income stock. 90% of revenue is from the U.S. and report in USD. 70% of its operations are regulated, so cash flows are stable. The rest are renewable power generation operations under long-term agreements. They pay a 4.9% yield that they can increase 10% annually to 2021. You need a dividend-grower in this environment. (Analysts’ price target is $15.16)
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A nice income stock. 90% of revenue is from the U.S. and report in USD. 70% of its operations are regulated, so cash flows are stable. The rest are renewable power generation operations under long-term agreements. They pay a 4.9% yield that they can increase 10% annually to 2021. You need a dividend-grower in this environment. (Analysts’ price target is $15.16)
BUY
BUY
October 23, 2018

Pays an attractive 5.1% yield. Interest rates are still low. The business has held up well vs. its peers where other utilities have sold off (i.e. Emera). AQN is spending money on growing its capacity and doing acquisitions. It's an integrated name from generation to distribution. They raised $2.5 billion last year that will fuel growth. They took 25% ownership in Atlantica Yield to get into the clean energy space. AQN is diversified. It's neither cheap or pricey, trading at 15x. It's part of an overall balanced portfolio.

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Pays an attractive 5.1% yield. Interest rates are still low. The business has held up well vs. its peers where other utilities have sold off (i.e. Emera). AQN is spending money on growing its capacity and doing acquisitions. It's an integrated name from generation to distribution. They raised $2.5 billion last year that will fuel growth. They took 25% ownership in Atlantica Yield to get into the clean energy space. AQN is diversified. It's neither cheap or pricey, trading at 15x. It's part of an overall balanced portfolio.

WATCH
WATCH
October 5, 2018

He would love to find an entry point. Rising interest rates could be an issue, but feels the bigger issue is that wind and solar are in the crosshairs of government. There is fear the governments could end long term contracts, which could create major headwinds.

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He would love to find an entry point. Rising interest rates could be an issue, but feels the bigger issue is that wind and solar are in the crosshairs of government. There is fear the governments could end long term contracts, which could create major headwinds.

HOLD
HOLD
September 18, 2018

As with many other small startup utilities in Canada, they have done quite well with alternative energy. He thinks that current governments are likely to reduce or stop their subsidies, which will affect the growth of these companies. Algonquin’s dividend is dividend is 4.9%. It seems reasonably priced. They have some backlog, so there is no reason to fear this stock. He would prefer a slightly higher yield for his dividend fund.

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As with many other small startup utilities in Canada, they have done quite well with alternative energy. He thinks that current governments are likely to reduce or stop their subsidies, which will affect the growth of these companies. Algonquin’s dividend is dividend is 4.9%. It seems reasonably priced. They have some backlog, so there is no reason to fear this stock. He would prefer a slightly higher yield for his dividend fund.

BUY
BUY
September 17, 2018

Great company. Owns NPI instead. AQN has moved more into the U.S. (than NPI) and wind. energy. Offers good growth with fine dividend growth.

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Great company. Owns NPI instead. AQN has moved more into the U.S. (than NPI) and wind. energy. Offers good growth with fine dividend growth.

BUY
BUY
September 4, 2018

He owns this for the 5% dividend. AQN isn't pure-play renewables (they own a bit of nat gas). He's happy if this moves sideways and stays steady. AQN has a large portfolio and you can own this for the long term.

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He owns this for the 5% dividend. AQN isn't pure-play renewables (they own a bit of nat gas). He's happy if this moves sideways and stays steady. AQN has a large portfolio and you can own this for the long term.

PAST TOP PICK
PAST TOP PICK
August 24, 2018

((A Top Pick May 17/18, Up 10%) Turnaround story. Room to grow cash flow and dividends.

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((A Top Pick May 17/18, Up 10%) Turnaround story. Room to grow cash flow and dividends.

BUY
BUY
August 23, 2018

It has been part of the overall selloff in the interest sensitive names. It is no surprise. Today if you look at it, it has a well balanced business with half revenues coming from generation and the other half from distribution where they sell right to the retail client. They had a nice lift in Q2 in the Atlantica yield. Look at the capital spend program in theses utilities. AQN-T have earmarked several $billion and he likes that. With the recent selloff it is at 15 times PE which is the lowest in recent times so he is adding it to portfolios.

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It has been part of the overall selloff in the interest sensitive names. It is no surprise. Today if you look at it, it has a well balanced business with half revenues coming from generation and the other half from distribution where they sell right to the retail client. They had a nice lift in Q2 in the Atlantica yield. Look at the capital spend program in theses utilities. AQN-T have earmarked several $billion and he likes that. With the recent selloff it is at 15 times PE which is the lowest in recent times so he is adding it to portfolios.

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