Added to YB: 2025-02-10
Pitch date: 2024-12-26
AQNB [bullish]
Algonquin Power & Utilities Corp.
Author Info
No bio for this author
Company Info
Algonquin Power & Utilities Corp. operates in the power and utility industries. The company owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.
Market Cap
CAD 5.2B
Pitch Price
N/A
Price Target
N/A
Dividend
3.82%
EV/EBITDA
14.84
P/E
211.33
EV/Sales
5.13
Sector
Multi-Utilities
Category
dividend
Algonquin Power & Utilities Cor - $AQNB
AQNB: Fixed-to-float baby bond at 6.2%, now 3M LIBOR +4.01%. Trading wide vs AQN debt/preferreds. 9% yield, hedges AQN equity against rate hikes. Low call risk. Pure-play regulated utility post-renewables divestment. Risks: early redemption, spread expansion, divestment failure.
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