If a company pays more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Algonquin Power. Amid the favourable environment, Algonquin Power & Utilities has planned to $3.1 billion in renewable assets and $6.3 billion in regulated utility assets over the next five years. This company’s business model is built on a solid foundation of regulated utility cash flows. Here are a few reasons to buy Algonquin. View this premium StockCalc report to see this stock's valuation and how it was calculated using fundamental analysis. This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated May 15, 2020 to its short form base shelf prospectus dated April 3, 2020 . Current as of February 1, 2021. My second pick would be Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN), which runs regulated utility businesses and operates or has an economic interest in 35 clean energy facilities. Corporate earnings are provided from Morningstar, including Income Statements,Balance Sheets, Cash Flow Statements, and Statement of Retained Earnings. PEG Ratios above 1 indicate that a company could be overvalued. JAN 27, 2021 9:41 AM ET. ET on Baystreet.ca This Utilities Stock Is A Great Dividend Pick Algonquin Power & Utilities Corp. (AQN.TO) has a PEG Ratio of 3.20. © 2021 The Motley Fool Canada, ULC. The post Algonquin Power & Utilities (TSX:AQN): An Excellent Buy Amid an Uncertain Outlook appeared first on The Motley Fool Canada. So, amid the uncertain outlook, I believe Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) could be an excellent buy, given its defensive utility business and investments in renewable energy facilities. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company’s net income after tax. Paying out a majority of its earnings limits the amount that can be reinvested in the business. Utilities - Independent Power Producers. One part of the company has some 800,000 power… These 3 Stocks Had an Amazing January: Should You Buy Now? Fool contributor Rajiv Nanjapla has no position in any of the stocks mentioned. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, Just $1.99 per week for the first 24 weeks, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? With its dividend payout ratio for the last 12-months standing at around 72%, I believe the company’s dividends are safe. Takes you to an interactive chart which cannot interact. Within its distribution group, Algonquin owns and operates regulated water, natural gas, and electricity distribution utilities in the United States. ... Real-Time Last Update TSX Last Sale. The S&P/TSX Composite Index is currently trading 0.6% lower for this year. Its adjusted EBITDA increased by 1%. REAL TIME PRICE. Algonquin Power & Utilities Corp is a Canadian stock, trading under the symbol AQN-T on the Toronto Stock Exchange (AQN-CT). 1 TSX Stock to Buy Quickly in 2021. Not to alarm you, but you’re about to miss an important event. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. For subscribers only. Simply click the link below to grab your free copy and discover all 5 of these stocks now. We would like to show you a description here but the site won’t allow us. Enter your email address below to get started now, and join the other thousands of Canadians who have already signed up for their chance to get the market-beating advice from Stock Advisor Canada. Algonquin issued 14.34 million shares in December, 2015, at $10.45 apiece. More reading. ... TSX EXCHANGE. Algonquin is a great defensive pick Algonquin Power & Utilities Corp. (AQN.TO) pays an annual dividend of C$0.59 per share, with a dividend yield of 2.78%. CHANGE OAKVILLE, ON, July 20, 2020 /PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN) (NYSE: AQN) today announced plans to release its second quarter 2020 financial results on Thurs... Seeking Alpha - 6 months ago Algonquin Power & Utilities. Copyright © 2021. This may i… Algonquin Power also announced that shareholders on the company's books on or before December 31, 2020 are entitled to the dividend. All market data (will open in new tab) is provided by Barchart Solutions. Meanwhile, check out the following report for cheap stocks trading under $49. In the first three quarters of this year, its revenue and adjusted EPS were stable compared to its previous year despite the pandemic’s impact. INDUSTRY. Detailed price information for Algonquin Power and Utilities Corp (AQN-T) from The Globe and Mail including charting and trades. Returns since inception, October 2013. What is this stock worth in intrinsic value? However, as the month progressed, the concerns over speculative trading activities and weakening global economic outlook dragged the equity markets down. © Copyright 2021 The Globe and Mail Inc. All rights reserved. It is usually referred to as TSX:AQN or AQN-T Is Algonquin Power & Utilities Corp a buy or a sell? Price movement based on the high, low and last over the given period. Canadians should target top green energy stocks like Algonquin Power & Utilities Ltd. (TSX:AQN) in early 2021. Along with its defensive utility portfolio, the acquisitions drove the company’s financials during the period. Algonquin Power & Utilities Corp is a North American generation, transmission, and distribution utility. Last year, when the broader equity markets were down, Algonquin Power & Utilities delivered impressive returns of over 14%. BlackBerry (TSX… Utilities. $22.15. For subscribers only. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. 18 Top TSX Stocks to Buy for 2021 and Beyond. Algonquin Power & Utilities Corp. to Provide Update on Strategic Initiatives at Investor Day. Algonquin Power & Utilities Corp. SECTOR. Our multiple levers of growth, focus on operational excellence and long term commitment to sustainability will be the key foundation in delivering long term value to our shareholders.". Algonquin Power Income Fund was established in September 1997 and first listed its trust units on the Toronto Stock Exchange on December 23, 1997. Algonquin Power & Utilities Corp. operates as a diversified utility company. Algonquin Power & Utilities Corp. (AQN.TO) has a P/B Ratio of 2.79. Six months later, the shares had returned 15.4 per cent, outperforming the TSX and utilities. I understand I can unsubscribe from these updates at any time. Further, the company’s board has raised its dividends at a CAGR of 10% over the last 10 years. The Motley Fool Canada » Energy Stocks » Algonquin Power & Utilities (TSX:AQN): An Excellent Buy Amid an Uncertain Outlook . Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group. A stock valuation and forecasting report include rating, fair value assessment, return forecasts, market ratio-based valuations and comparable analysis. It's good to see that over the last twelve months Algonquin Power & Utilities made a profit of US$442.0m on revenue of US$1.62b. Algonquin Power also announced that shareholders on the company's books on or before December 31, 2020 are entitled to the dividend. Further, the company has delivered strong returns over the last five years, with its total shareholder returns standing at around 141%. 5 Stocks Under $49 (FREE REPORT). The expectations of a quick economic recovery amid the pent-up demand drove the Canadian equity markets in the first week of January. For exchange delays and terms of use, please read disclaimer (will open in new tab). The Motley Fool Canada » Energy Stocks » Algonquin Power & Utilities (TSX:AQN): An Excellent Buy Amid an Uncertain Outlook, Rajiv Nanjapla | February 1, 2021 | More on: AQN AQN. Dividends are typically paid from company earnings. Short Squeeze: Don’t Bet Against These Heavily-Shorted Canadian Stocks! Its strong fundamentals drove the company’s stock price. Algonquin Power & Utilities Corp is a North American generation, transmission, and distribution utility. The 3 Best Canadian Large-Cap Stocks to Buy in February, 3 Top Rallying TSX Stocks to Buy Now and Hold Forever. Please read the Privacy Statement and Terms of Service for more information. "2020 been a year of significant achievement for us despite its challenges, including those caused by COVID-19. Price to Book Value per Share Ratio. It has an impressive pipeline of projects that could increase its power generating capacity by 3.4 gigawatts. Its financial position also looks healthy, with its liquidity standing at $3 billion. 14 Top TSX Stocks to Buy in January 2021. In the last year, Algonquin Power & Utilities paid out 85% of its profit as dividends. In the last year, 28 stock analysts published opinions about AQN-T. 23 analysts recommended to BUY the stock. Further, these investments could expand the company’s rate base at a CAGR of 11.2% from 2020 to 2025. The remaining 30% of the company’s business involves developing and operating renewable power generating facilities under Liberty Power. Its forward price-to-earnings and price-to-book multiples stand at 21.6 and 2.1, respectively. Liberty Utilities, which composes 70% of the company’s businesses, provides water, electricity, and gas to around 1 million customers across the United States, Canada, Chile, and Bermuda. Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in … I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. Another great option to consider in the current market environment is Algonquin Power and Utilities Corp. Algonquin is both a renewable energy stock as well as a utilities company . The company currently pays quarterly dividends of $0.2019, representing an annualized payout of $0.808 and a dividend yield of 3.8%. This is your chance to get in early on what could prove to be very special investment advice. During the event, members of AQN's executive team will provide an update on its corporate strategy, including the Company's strategic pillars of growth, operational excellence and sustainability, and will provide an overview of its financial position. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Algonquin Power & Utilities (TSX:AQN)(NYSE:AQN) and three other renewable energy stocks are strong choices for access to this high-growth market. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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