Enjoy a 5.4% yield from Algonquin Power & Utilities

Enjoy a 5.4% yield from Algonquin Power & Utilities

Algonquin Power & Utilities’ decision to sell its non-regulated renewable assets and focus entirely on its regulated utilities business is a game-changer.

This move significantly reduces risk and enhances earnings predictability because regulated utilities typically offer more stable cash flows and returns. While the company… Read More

Activists will aid in their turnaround

Starbucks and Algonquin Power are working with activist investors as they embark on turnaround strategies. However, Autodesk (see box) is resisting activist pressure. Even so, we like the outlook for all three picks.
STARBUCKS CORP. $93 is a buy for aggressive investors. The company (Nasdaq symbol SBUX; Consumer… Read More

Here are two new ETFs for Canadian investors

BMO Asset Management recently added seven ETFs to their already extensive lineup. Here’s a look at two of these funds—one takes long and short positions in Canadian equities and a second aims to participate in U.S. stock gains while also providing some downside protection.
BMO LONG SHORT… Read More

Enjoy a high 6% yield from Algonquin Power

Enjoy a high 6% yield from Algonquin Power

Renewable power has been a key driver of Algonquin’s recent success while it acquired rate-regulated utilities to build out both areas of its business.

The company is now reviewing its overall asset mix and strategic plans while looking to pay down its considerable debt.

Meanwhile, the stock… Read More

Strategic review will spur Algonquin

Due to opposition from U.S. regulators, Algonquin Power recently cancelled its $2.65 billion U.S. purchase of Kentucky Power Co., which generates and distributes electricity to 228,000 customers in the state.
As well, activist investment firm Starboard Value recently disclosed that it now owns 7.5% of Algonquin… Read More

Get a 10.8% yield from Algonquin Power & Utilities

Get a 10.8% yield from Algonquin Power & Utilities

New projects, higher power rates, and a recent acquisition contributed to a huge 26.1% revenue gain for this company during the most-recent quarter.

High borrowing costs could force a dividend cut, but the firm has several options available.

ALGONQUIN POWER & UTILITIES (Toronto symbol AQN; www.algonquinpower.com) is… Read More

Algonquin will bounce back

ALGONQUIN POWER & UTILITIES, $10.16, is a buy. The utility (Toronto symbol AQN; Shares o/s: 677.8 million; Market cap: $6.7 billion; TSINetwork Rating: Extra Risk; Yield: 9.5%; www.algonquinpower.com) is down 33% since the company reported lower-than-expected earnings for the third quarter of 2022. Per-share earnings declined 26.7%, to $0.11… Read More

These safety-conscious stocks remain buys

CENOVUS ENERGY, $28.17, is a buy for long-term gains. The company (Toronto symbol CVE; Shares outstanding: 1.9 billion; Market cap: $53.2 billion; TSINetwork Rating: Extra Risk; Dividend yield: 1.5%; www.cenovus.com) is now one of Canada’s top-tier producer of oil and natural gas following its all-stock acquisition of rival oil… Read More