Dear safe-money investor:
Algonquin Power continues to expand through big acquisitions, which adds risk. Still, it focuses on making purchases that add immediately to its cash flow. Plus, its renewable energy projects sell their power under long-term government-guaranteed contracts. The company’s international expansion also cuts its geographic risk.
ALGONQUIN POWER & UTILITIES $15.22 (Toronto symbol AQN; Shares outstanding: 490.5 million; Market cap: $7.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.algonquinpower.com) operates through two main businesses: The Generation Group produces and sells electricity from 35 clean energy facilities across North America; and the Distribution Group provides regulated electricity, natural gas, water distribution and wastewater collection services.
In the quarter ended December 31, 2018, revenue rose 2.5%, to $419.9 million from $409.5 million a year earlier. (All figures except share price and market cap in U.S. dollars.) Cash flow improved 5.2%, to $132.5 million from $126.0 million. However, on more shares outstanding due to acquisitions, cash flow per share fell 13.3%, to $0.26 from $0.30.
In…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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