Algonquin Power Utilities Stock Today
| AQN Stock | USD 4.75 0.02 0.42% |
Performance0 of 100
| Odds Of DistressLess than 42
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Algonquin Power is selling at 4.75 as of the 24th of November 2024; that is 0.42% down since the beginning of the trading day. The stock's open price was 4.77. Algonquin Power has about a 42 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Algonquin Power Utilities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of November 2023 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Utilities | IPO Date 8th of October 1998 |
Algonquin Power Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada. The company has 767.23 M outstanding shares of which 16.92 M shares are presently shorted by investors with about 3.92 days to cover. More on Algonquin Power Utilities
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Algonquin Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO | Ian Robertson | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Utilities (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Multi-Utilities, Utilities - Renewable, Utilities, NYSE Composite, SP TSX Composite, Energy, Utilities, Multi-Utilities, Utilities—Renewable, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsAlgonquin Power can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Algonquin Power's financial leverage. It provides some insight into what part of Algonquin Power's total assets is financed by creditors.
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Algonquin Power Utilities (AQN) is traded on New York Stock Exchange in USA. It is located in 354 Davis Road, Oakville, ON, Canada, L6J 2X1 and employs 3,946 people. Algonquin Power is listed under Multi-Utilities category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.65 B. Algonquin Power Utilities runs under Multi-Utilities sector within Utilities industry. The entity has 767.23 M outstanding shares of which 16.92 M shares are presently shorted by investors with about 3.92 days to cover.
Algonquin Power Utilities has about 85 M in cash with 628.03 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.12.
Check Algonquin Power Probability Of Bankruptcy
Ownership AllocationAlgonquin Power holds a total of 767.23 Million outstanding shares. Over half of Algonquin Power's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Algonquin Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Federation Des Caisses Desjardins Du Quebec | 2024-06-30 | 9.6 M | |
| Cibc World Markets Inc. | 2024-06-30 | 8.4 M | |
| Manufacturers Life Insurance Co | 2024-09-30 | 7.7 M | |
| Legal & General Group Plc | 2024-06-30 | 7.1 M | |
| 1832 Asset Management L.p | 2024-09-30 | 6.2 M | |
| Bank Of America Corp | 2024-06-30 | 6 M | |
| Intact Investment Management, Inc. | 2024-09-30 | 5.6 M | |
| Norges Bank | 2024-06-30 | 5.6 M | |
| First Trust Advisors L.p. | 2024-06-30 | 5.6 M | |
| Starboard Value Lp | 2024-09-30 | 62.1 M | |
| Vanguard Group Inc | 2024-09-30 | 31 M |
Algonquin Power Historical Income Statement
Algonquin Stock Against Markets
Algonquin Power Corporate Directors
| David Laney | Independent Director | Profile | |
| Christopher Ball | Independent Director | Profile | |
| Masheed Saidi | Independent Director | Profile | |
| George Steeves | Independent Director | Profile |
Already Invested in Algonquin Power Utilities?
The danger of trading Algonquin Power Utilities is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Algonquin Power is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Algonquin Power. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Algonquin Power Utilities is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Algonquin Power Utilities offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algonquin Power's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algonquin Power Utilities Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Algonquin Power Utilities Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algonquin Power Utilities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Multi-Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Algonquin Power. If investors know Algonquin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Algonquin Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.998 | Dividend Share 0.391 | Earnings Share 0.54 | Revenue Per Share 3.671 | Quarterly Revenue Growth 0.015 |
The market value of Algonquin Power Utilities is measured differently than its book value, which is the value of Algonquin that is recorded on the company's balance sheet. Investors also form their own opinion of Algonquin Power's value that differs from its market value or its book value, called intrinsic value, which is Algonquin Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Algonquin Power's market value can be influenced by many factors that don't directly affect Algonquin Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Algonquin Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Algonquin Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Algonquin Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.