Algonquin Power & Utilities Corp.’s (AQN - Free Report) focus to maintain strong balance sheet, acquisitions to expand utility footprints and long-term capex program will act as growth catalysts.
The company, through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution as well as transmission utility assets in Canada and the United States.
Let’s focus on the factors that make Algonquin Power & Utilities an appropriate investment option at the moment.
Zacks Rank
Algonquin Power & Utilities currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price Performance
In the past 12 months, Algonquin Power & Utilities’ shares have gained 19.4% against the industry’s decline of 3.8%.
Growth Projections
The Zacks Consensus Estimate for 2020 earnings is pegged at 67 cents per share on revenues of $1.83 billion. This indicates 6.35% and 12.43% increase of the bottom and the top line, respectively, from the year-ago period’s reported figures.
The company’s long-term (three to five years) earnings growth is pegged at 6.90%.
Dividend Yield
Currently, the company has a dividend yield of 4.47% compared with the Zacks S&P 500 composite’s 2.3% and the industry’s 3.34%.
Debt-to-Capital
The debt-to-capital is a good indicator of the financial position of a company. The indicator shows how much debt is used to run the business. The company has a debt-to-capital of 47.82% compared with the industry’s 51.32%.
Other Key Picks
Some other top-ranked stocks from the same industry are NorthWestern Corporation (NWE - Free Report) , Pacific Gas & Electric Co. (PCG - Free Report) and Southern Company (SO - Free Report) . NorthWestern sports a Zacks Rank #1, while Pacific Gas & Electric and Southern Company carry a Zacks Rank #2 (Buy).
Long-term earnings growth of Pacific Gas & Electric, NorthWestern and Southern Company is pegged at 2.51%, 3.08% and 4 %, respectively.
Pacific Gas & Electric, NorthWestern and Southern Company have trailing four-quarter positive earnings surprise of 7.35%, 7.62% and 8.13%, on average, respectively.
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Algonquin Power & Utilities Corp.’s (AQN - Free Report) focus to maintain strong balance sheet, acquisitions to expand utility footprints and long-term capex program will act as growth catalysts.
The company, through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution as well as transmission utility assets in Canada and the United States.
Let’s focus on the factors that make Algonquin Power & Utilities an appropriate investment option at the moment.
Zacks Rank
Algonquin Power & Utilities currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Price Performance
In the past 12 months, Algonquin Power & Utilities’ shares have gained 19.4% against the industry’s decline of 3.8%.
Growth Projections
The Zacks Consensus Estimate for 2020 earnings is pegged at 67 cents per share on revenues of $1.83 billion. This indicates 6.35% and 12.43% increase of the bottom and the top line, respectively, from the year-ago period’s reported figures.
The company’s long-term (three to five years) earnings growth is pegged at 6.90%.
Dividend Yield
Currently, the company has a dividend yield of 4.47% compared with the Zacks S&P 500 composite’s 2.3% and the industry’s 3.34%.
Debt-to-Capital
The debt-to-capital is a good indicator of the financial position of a company. The indicator shows how much debt is used to run the business. The company has a debt-to-capital of 47.82% compared with the industry’s 51.32%.
Other Key Picks
Some other top-ranked stocks from the same industry are NorthWestern Corporation (NWE - Free Report) , Pacific Gas & Electric Co. (PCG - Free Report) and Southern Company (SO - Free Report) . NorthWestern sports a Zacks Rank #1, while Pacific Gas & Electric and Southern Company carry a Zacks Rank #2 (Buy).
Long-term earnings growth of Pacific Gas & Electric, NorthWestern and Southern Company is pegged at 2.51%, 3.08% and 4 %, respectively.
Pacific Gas & Electric, NorthWestern and Southern Company have trailing four-quarter positive earnings surprise of 7.35%, 7.62% and 8.13%, on average, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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