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Algonquin Power & Utilities Corp (AQN-T) opinion on 2016-10-26

Last Price Recorded: 14.3100 on 2017-11-22

ON STOCKCHASE SINCE Nov 2000

electrical utilities
BUY

Cole Kachur
Algonquin Power & Utilities Corp was $11.750 at time of opinion
Owned : Yes

Recently added this to his portfolio. Similar to Emera (EMA-T) or Fortis (FTS-T), it is in the power/utility space. Pays a yield of about 4.7%. They bought some assets in the US, so are diversifying their asset base a little. One thing with these defensive plays that are more yield oriented, the fear of interest rates has kind of gone up in the US, and stocks have come down a little. He can see 20% upside growth in this name.

UNKNOWN

All opinions for AQN-T (219)

45 BUY
12 BUY on WEAKNESS
57 COMMENT
27 DON'T BUY
18 HOLD
1 PARTIAL BUY
1 PARTIAL SELL
21 PAST TOP PICK
4 SELL
26 TOP PICK
3 WAIT
2 WATCH
2 WEAK BUY
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All opinions for AQN-T (219)

45 BUY
12 BUY on WEAKNESS
57 COMMENT
27 DON'T BUY
18 HOLD
1 PARTIAL BUY
1 PARTIAL SELL
21 PAST TOP PICK
4 SELL
26 TOP PICK
3 WAIT
2 WATCH
2 WEAK BUY
View All

More experts covering AQN-T

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Add AQN-T to Watch List
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2 Comments

mountainpose

October 27th 2016 at 10:14am

I believe they overpaid for the recent U.S. acquisition. No need to buy until earnings come out and we have better data to arrive at a fair price.

jbarnes

November 16th 2016 at 10:42am

The Emera website says: "Algonquin Power & Utilities Corp (APUC) and Emera jointly own and operate assets through US utility company California Pacific Electric Company (Calpeco), LLC. Emera’s 20.8% equity interest in APUC allows for a share in APUC’s clean, renewable electric generation and sustainability utility distribution businesses. APUC’s focus on unregulated renewables and small electric and gas utilities provides a broad platform for growth in Emera’s renewables strategy."


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