Algonquin Power & Utilities Corp T.AQN

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

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.

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Algonquin Power & Utilities Corp > Looking for entry point

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Comment by newcoinon Nov 22, 2022 8:50pm

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Post# 35120522

RE:RE:RE:RE:RE:Looking for entry point

Minimum $13.00. Way oversold.

AlwaysLong683 wrote:

jx7000 wrote: I agree. Knowing that there's probably a div cut coming, I would not buy before that happens. This reminds me all too much of TransAlta Utilities (now TransAlta Corp) back in the day. The only good thing that could happen soon is a buyout offer but it better not be from Brookfield. They came in and swooped up shares of IPL about three years ago for very miniscule premium. IPL also had a good div at one time before they cut it and had also taken on too much debt. They had no choice but but to beg for mercy.

Brookfield would likely be willing to buy AQN right now if the price was right. They've been at it for quite some time, so they'll be looking for a great value as was the case with IPL. Question is, how much of a premium would Brookfield offer over and above the AQN share price at the time of the offer...?

I doubt AQN would sell anytime soon, but if the share price lags after a (likely) dividend cut, thus making an equity raise unwise while they are trying to pay down debt with the dividend cut savings, who knows....?