With over 6.67 million Algonquin Power & Utilities Corp. (AQN) shares trading Monday and a closing price of $7.60 on the day, the dollar volume was approximately $50.73 million. The shares have shown a negative half year performance of -48.12% and its price on 11/21/22 lost nearly -0.91%. Currently, there are 674.74M common shares owned by the public and among those 673.25M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 13 analysts who have offered their price forecasts for AQN have a consensus price objective of $11.75. The analysts have set the share’s price value over the next 12 months at a high of $16.10 and a low of $7.53. The average price target is 42.81% above its recent price level and a downside to the estimated low will see the stock lose -0.93% over that period. But an upside of 52.8% will see the stock hit the forecast high price target while median target price for the stock is $12.00.
The top 3 mutual fund holders in Algonquin Power & Utilities Corp. are Vanguard Total International Stoc, Government Pension Fund – Global, and BMO Dividend Fund. Vanguard Total International Stoc owns 8.99 million shares of the company’s stock, all valued at over $99.45 million. The company sold 13333.0 shares recently to bring their total holdings to about 1.33% of the shares outstanding. Government Pension Fund – Global bought 1.33 million shares to see its total holdings expand to 8.7 million shares valued at over $96.17 million and representing 1.28% of the shares outstanding. BMO Dividend Fund bought 51415.0 shares to bring its total holdings to over 8.47 million shares at a value of $93.71 million. BMO Dividend Fund now owns shares totaling to 1.25% of the shares outstanding.
However, the script later moved the day high at 7.74, down -0.91%. The company’s stock has a 5-day price change of -4.64% and -46.59% over the past three months. AQN shares are trading -47.40% year to date (YTD), with the 12-month market performance down to -46.48% lower. It has a 12-month low price of $7.42 and touched a high of $16.01 over the same period. AQN has an average intraday trading volume of 3.60 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -24.36%, -30.98%, and -43.67% respectively.
Institutional ownership of Algonquin Power & Utilities Corp. (NYSE: AQN) shares accounts for 47.82% of the company’s 674.74M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $6.67B and a beta (3y monthly) value of 0.29. The stock’s trailing 12-month PE ratio is 19.54, while the earnings-per-share (ttm) stands at $0.39. The company has a PEG of 3.55 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.83% over the week and 4.22% over the month.
Analysts forecast that Algonquin Power & Utilities Corp. (AQN) will achieve an EPS of $0.17 for the current quarter, $0.21 for the next quarter and $0.81 for 2023. The lowest estimate earnings-per-share for the quarter is $0.16 while analysts give the company a high EPS estimate of $0.18. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -70.60%, and 7.15% over the next financial year. EPS should grow at an annualized rate of 5.50% over the next five years, compared to -1.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 13 brokerage firm advisors rate Algonquin Power & Utilities Corp. (AQN) as a “Moderate Buy” at a consensus score of 2.80. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 9 of the 13 advise that investors “hold,” and 1 rated it as a “Sell.”
RBC Capital Mkts coverage for the Algonquin Power & Utilities Corp. (AQN) stock in a research note released on November 14, 2022 offered a Sector Perform rating with a price target of $12. BMO Capital Markets on their part issued Market Perform rating on November 14, 2022.