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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Post by gasholeon Nov 15, 2022 9:04pm
398 Views
Post# 35101877

Whats up

Whats up I have some shares of this in my RRSP and I just noticed that it absolutely tanked, I looked into the reason why and seems a little sketchy with the company. I don't like the numbers they posted very much but I understand the way utilities work and numbers can fluctuate quarter to quarter by quite a lot. I think I'm still going to hold it and I haven't been on here or posted in months actually. I prefer cpx and fts over aqn, There is a lot of talk of a dividend cut but I am not so sure that is going to happen I have always followed AFFO and they seem to be fine that way. I believe you have to go by AFFO because utilities fluctuate with their numbers so much every quarter it's really the only good way to see how they are doing without doing a serious financial analysis and deconstruction of every aspect of the quarterly results. Affo was 30 cents dividend was 18 cents. I don't see how the share price plummeting has anything to do with the dividend or the rate of dividend. Financially they seem pretty sound to me although they are biting off a pretty good chunk purchasing Kentucky.
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