Algonquin Power & Utilities (AQN) is expected to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

OAKVILLE, ON, July 12, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its second quarter 2024 financial results on Friday, August 9, 2024, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, August 9, 2024, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers. Conference call details are as follows: Date: Friday, August 9, 2024 Time: 8:30 a.m ...

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magical_light/iStock via Getty Images Dividend investing (SCHD) is a great way to compound wealth over time, and it has served me very well. One of the biggest reasons I like it is that when you invest in a stock with a consistent dividend payout, it gives you a reliable source of cash flow and total returns. This means that these stocks don't have to generate superman-like growth or valuation multiple expansion to deliver satisfactory total returns. Moreover, such stocks are fairly easy to value, enabl ...

Core Viewpoint - The article discusses the challenges faced by Algonquin Power & Utilities Corp. (AQN) due to a failed acquisition and the subsequent actions of activist investor Starboard Value LP, which has acquired a significant stake in the company and proposed a plan to enhance shareholder value through divestitures and debt reduction [2][3][4]. Group 1: Company Challenges - AQN's attempt to acquire Kentucky power assets from American Electric Power (AEP) failed, leading to high debt levels and a dividend cut, which negatively impacted investor confidence [2][4][7]. - The company's valuation has been hindered by excessive leverage, a high dividend payout ratio, and a significant proportion of unregulated assets, making it "uninvestable" for many traditional utility investors [4][7]. Group 2: Activist Investor's Plan - Starboard Value LP has purchased 58.4 million shares of AQN, representing just under 8.5% of the company, and believes AQN's regulated services group is undervalued compared to peers [3][4]. - Starboard proposes selling off AQN's unregulated renewables business to reduce leverage below 5.0x debt/EBITDA and to buy back equity, aiming for a more secure dividend and potential growth [4][5]. - The activist investor highlights AQN's water utility as a "hidden gem" that could allow the company to trade at a premium to peers, suggesting that divesting the renewables business could unlock significant shareholder value [4][5]. Group 3: Current Outlook - AQN is viewed positively due to its high yield of 7.3%, which is the highest among regulated utilities, and the expectation of sustainable dividends with growth potential beyond 2026 [5][10]. - The utility sector is considered attractive as interest rates may decline, making AQN's current valuation an appealing entry point for investors [5][10]. - AQN's share price is currently trading at a significant discount compared to its historical performance and peer valuations, primarily due to the fallout from the failed Kentucky Power deal [5][10].

OAKVILLE, ON, June 13, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced the settlement rate for the share purchase contracts that are components of its outstanding corporate units (the "Corporate Units") issued in June 2021. Holders of Corporate Units will receive 3.3439 common shares of AQN ("Common Shares") for each share purchase contract they hold, which results in an effective issuance price of $14.9526 per Common Share, with cash to ...

OAKVILLE, ON, June 4, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN" or the "Company") (TSX: AQN) (NYSE: AQN) today held an annual meeting of common shareholders.  At the meeting, each of the following nine nominees listed in the Company's management information circular dated April 18, 2024 were elected as directors of AQN pursuant to a vote by ballot:Nominee Votes For % For Votes Against % Against Melissa Stapleton Barnes 330,041,306 97.05 % 10,016,318 2.95 % Brett Carter 337,316,968 99.19 % ...

tumsasedgars The past few years have been very tough for dividend stocks (SCHD), particularly sectors like REITs (VNQ), renewable power companies (BEP), and utilities (XLU), which have been hammered hard as rising interest rates have taken a toll on their capital-intensive and yield-sensitive business models. Additionally, numerous high-yield stocks have been completely decimated as they've had to either deeply cut or eliminate their dividends, including Lumen Technologies (LUMN), Medical Properties Tru ...

Core Viewpoint - Algonquin Power & Utilities Corp. (AQN) is progressing towards its strategic transformation into a pure-play regulated utility by entering into a support agreement with Energy Capital Partners and Atlantica Sustainable Infrastructure plc, facilitating the acquisition of Atlantica [1][2][3] Group 1: Transaction Details - Bidco will acquire 100% of Atlantica's shares for $22.00 per share in cash, representing an 18.9% premium to Atlantica's closing share price on April 22, 2024, and a 21.8% premium to the 30-day volume weighted average trading price as of the same date [2] - The transaction values Atlantica at approximately $2,555 million, with AQN's 42.2% stake valued at about $1,077 million [2] - AQN plans to use the proceeds from the transaction to reduce debt and recapitalize its balance sheet as part of its strategic transition [2] Group 2: Strategic Goals - The interim CEO of AQN, Chris Huskilson, emphasized that optimizing the value of the investment in Atlantica was a priority, and supporting the agreement aligns with the goal of simplifying the company's structure [3] - The exit from the financial investment in Atlantica is viewed as a significant step in AQN's strategic transition towards focusing on regulated utility operations [3] Group 3: Approval and Timeline - The transaction is subject to shareholder approval, court sanction, and various regulatory approvals, including those under the Hart-Scott-Rodino Act and from the Federal Energy Regulatory Commission [4] - The expected completion of the transaction is anticipated in the fourth quarter of 2024 or early first quarter of 2025 [4] Group 4: Company Overview - AQN is a diversified international utility with approximately $18 billion in total assets, providing energy and water solutions to over one million customer connections primarily in the U.S. and Canada [5] - The company has over 4 GW of installed renewable energy capacity [5]

Algonquin Power & Utilities Corp. (NYSE:AQN) Q1 2024 Earnings Conference Call May 10, 2024 8:30 AM ET Company Participants Brian Chin - Vice President of Investor Relations Christopher Huskilson - Chief Executive Officer Darren Myers - Chief Financial Officer Jeffery Norman - President of Renewables Conference Call Participants Nelson Ng - RBC Capital Markets Rupert Merer - National Bank Financial, Inc. Robert Hope - Scotiabank Benjamin Pham - BMO Capital Markets Mark Jarvi - CIBC Sean Steuart - TD Cowen Op ...