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Last C$9.44 CAD
Change Today +0.09 / 0.96%
Volume 280.0K
As of 12:09 PM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

algonquin power & utilities (AQN) Snapshot

Open
C$9.42
Previous Close
C$9.35
Day High
C$9.44
Day Low
C$9.31
52 Week High
02/3/15 - C$10.51
52 Week Low
03/9/15 - C$7.50
Market Cap
2.2B
Average Volume 10 Days
1.5M
EPS TTM
C$0.34
Shares Outstanding
238.1M
EX-Date
03/27/15
P/E TM
27.4x
Dividend
C$0.35
Dividend Yield
4.21%
Current Stock Chart for ALGONQUIN POWER & UTILITIES (AQN)

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algonquin power & utilities (AQN) Details

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. It owns interests in hydroelectric facilities with a combined generating capacity of approximately 125 megawatts (MW); wind powered generating facilities with a combined generating capacity of 650 MW; and thermal energy facilities with installed generating capacity of approximately 350 MW. The company also owns and operates electricity, natural gas, water distribution, and wastewater collection utility systems. It serves approximately 97,400 regulated water distribution and wastewater collection connections, 91,600 electric connections, and 291,800 natural gas connections in Arizona, Arkansas, California, Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and Texas. The company was founded in 1996 and is headquartered in Oakville, Canada.

Founded in 1996

algonquin power & utilities (AQN) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$519.7K
Chief Financial Officer and Chief Financial O...
Total Annual Compensation: C$298.3K
President of Liberty Energy Utilities Co
Total Annual Compensation: C$263.7K
President of Algonquin Power Co
Total Annual Compensation: C$263.7K
Compensation as of Fiscal Year 2013.

algonquin power & utilities (AQN) Key Developments

Algonquin Power & Utilities Corp. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Algonquin Power & Utilities Corp. reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue was $259.3 million compared to $205.3 million in the fourth quarter of 2013. The increase in revenue is primarily the result of the acquisition of the New England Gas System, higher customer demand at Granite State Electric System and at the EnergyNorth, Midstates, and Peach State Natural Gas Systems, the impact of rate case settlements, increased hydrology and wind resources, and the impact of the stronger U.S. dollar. The company reported net earnings from continuing operations of $33.1 million or $0.13 per share compared to net earnings from continuing operations of $19.8 million or $0.09 per share in the fourth quarter of 2013. Adjusted net earning were $35.2 million or $0.14 per share compared to adjusted net earnings of $18.8 million or $0.08 per share in the fourth quarter of 2013. Adjusted earnings before interest, taxes, depreciation & amortization were $84.3 million compared to $68.5 million in the fourth quarter of 2013. The increase was primarily due to acquisitions completed in December 2013, the impact of rate case settlements, increased hydrology and wind resources, and increased demand at the EnergyNorth and Midstates Gas Systems. For the year 2014, the company generated revenue of $943.6 million as compared to $675.3 million in 2013. The company reported net earnings from continuing operations of $77.8 million or $0.32 per share as compared to $62.3 million or $0.28 per share in 2013. Adjusted net earnings were $88.4 million or $0.37 per share as compared to $59.5 million or $0.26 per share in 2013. Adjusted EBITDA was $290.6 million compared to $228.1 million in 2013. The increase in Adjusted EBITDA was primarily due to the full year impact of acquisitions completed in 2013, the impact of rate case settlements, increased customer demand for gas distribution, and an increase in Renewable Energy Credit sales.

Algonquin Power & Utilities Corp. Announces Rescheduling of Release of 2014 Fourth Quarter and Year End Financial Results

Algonquin Power & Utilities Corp. announced that the issuance of fourth quarter and year-end financial results previously scheduled for March 5, 2015 has been rescheduled. The company now plans to release 2014 fourth quarter and year-end financial results on March 26, 2015 after market close.

Algonquin Power & Utilities Corp. Declares First Quarter 2015 Dividend Payable on April 15, 2015; Declares Preferred Share Dividends Payable on March 31, 2015

Algonquin Power & Utilities Corp. has declared a dividend of $0.0875 per share on its common shares, payable on April 15, 2015 to the shareholders of record on March 31, 2015 for the period from January 1, 2015 to March 31, 2015. The common share dividend will be paid in cash or, if a shareholder has enrolled in the shareholder dividend reinvestment plan (the "Plan"), dividends will be reinvested in additional shares ("Plan Shares") of APUC as per the Plan, based on equivalent Canadian funds. Plan Shares will be acquired by way of a Treasury Purchase at the average market price as defined in the Plan less a 5% discount for the first quarter of 2015. Additionally, the Board has declared the following preferred share dividends: CAD 0.28125 per Preferred Share, Series A, payable in cash on March 31, 2015 to Preferred Share, Series A holders of record on March 16, 2015, for the period from December 31, 2014 to, but excluding, March 31, 2015. CAD 0.3125 per Preferred Share, Series D, payable in cash on March 31, 2015 to Preferred Share, Series D holders of record on March 16, 2015 for the period from December 31, 2014 to, but excluding, March 31, 2015. For Canadian resident shareholders, dividends declared on both common shares and preferred shares are considered as "eligible dividends" for purposes of the dividend tax credit rules contained in the Income Tax Act (Canada).

 

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Industry Analysis

AQN

Industry Average

Valuation AQN Industry Range
Price/Earnings 40.4x
Price/Sales 2.1x
Price/Book 1.6x
Price/Cash Flow 12.3x
TEV/Sales 0.2x
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