Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp.

Overview
Date Founded

1988

Headquarters

354 Davis Road,Suite 100,Oakville, ON L6J 2X1

Type of Company

Public

Employees (Worldwide)

2,277

Industries

Power & Utilities
Holding Companies

Company Description

Algonquin Power & Utilities Corp. is a growing renewable energy and regulated utility company with assets across North America. The Corporation actively invests in hydroelectric, wind and solar power facilities, and sustainable utility distribution businesses (water, electricity and natural gas). Algonquin Power & Utilities Corp. is focused on delivering reliable earnings, cash flow and dividend growth through strategic acquisitions and operational excellence. The Corporation is a member of the S&P/TSX Composite Index and trades on the Toronto Stock Exchange under the symbol AQN. The Corporation is recognized for developing and acquiring long lived sustainable assets that are built for the long term, and has grown to over 30 power generation facilities and over 27 utilities in Canada and the United States. The company has over 800 skilled and motivated employees contributing to the success and growth of the business.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Chief Operating Officer

Chief Development Officer

Chief Compliance & Risk Officer

Chief Governance Officer & Corporate Secretary

Chief Legal Officer

Chief Transformation Officer

Chief Operating Officer, Renewable Generation Group

Board of Directors

Managing Partner at NewPoint Capital Partners, Inc.

Vice Chair at Algonquin Power & Utilities Corp.

President, Chief Executive Officer & Director at Algonquin Power & Utilities Corp.

Senior Vice President, Enterprise Risk Management & Chief Ethics & Compliance Officer at Eli Lilly & Company

Former Chief Financial Officer, Treasurer & Senior Vice President of Finance at Nevada Power Co.

Executive Vice President at CFI Capital, Inc.

Executive Consultant at Energy Initiatives Group

Principal at True North Energy Corp.

Former Chief Executive Officer at Rally's Hamburgers, Inc.

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Owners & Shareholders
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BMO seeks to achieve consistent, above average returns through a risk-controlled approach to asset management. The firm attempts to reduce risk through the use of different asset classes, diversification and intensive individual security analysis. Their equity investment approach focuses on investments in companies with the potential to create long-term wealth. Though not limited by sector, the firm tends to invest in the stocks of companies in the finance, energy minerals, non-energy minerals and industrial services sectors. BMO's fixed-income investment approach seeks capital preservation and returns commensurate with a given level of risk.

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RBC Dominion Securities' investment management division offers clients access to Canadian, US and international equities, Canadian fixed-income investments, various mutual funds from leading fund companies worldwide and commodity/financial futures. The firm's equity research department covers companies in select sectors, including: biotechnology and healthcare, communications and media, consumer and diversified products, energy, financial institutions, forest products, mining and resources, real estate, technology and utilities and infrastructure.

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GQG Partners seek long-term capital appreciation by investing primarily in the equity securities of both US and non-US issuers that they believe have durable earnings potential that is undervalued by the market. The firm typically invests in common and preferred stock and other publicly traded equity securities. With an investment horizon of five years, portfolio holdings tend to be stable over time. GQG Partners sell companies when their risks or opportunities fundamentally changes, or when the stock price no longer reflects a good value. They will also sell companies when they find more attractive alternatives. GQG Partners offers four investment strategies: Global Equity, International Equity, Emerging Markets Equity and US Equity. The Global Equity Strategy generally invests in equity securities or equity-linked instruments of companies located anywhere in the world, including emerging markets countries and the US. The International Equity Strategy generally invests the bulk of its assets in equity securities or equity-linked instruments of companies located in or principally exposed to countries outside the US, including issuers in emerging markets countries. The Emerging Markets Equity Strategy generally invests the bulk of its assets in equity securities of companies located in or principally exposed to emerging markets countries without regard to their capitalization. The US Equity Strategy generally invests the bulk of its assets in equity securities or equity-linked instruments of companies located in or principally exposed to the United States. All four strategies have no limitation on the capitalization size of the companies in which it invests.

Recent Transactions
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Algonquin Power & Utilities Corp., Liberty Utilities Co. purchase New York American Water Co., Inc. from American Water Works Co., Inc.

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Algonquin Power & Utilities Corp., Liberty Utilities Co. purchase St. Lawrence Gas Co., Inc. from Enbridge, Inc.

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Algonquin Power & Utilities Corp. issued USD Common Shares

Transaction Advisors
Underwriter

Advised onAlgonquin Power & Utilities Corp. issued CAD Common Shares - Bought Deal

Underwriter

Advised onAlgonquin Power & Utilities Corp. issued CAD Common Shares - Bought Deal

Underwriter

Advised onAlgonquin Power & Utilities Corp. issued CAD Common Shares - Bought Deal

Manager

Advised onAlgonquin Power & Utilities Corp. issued Common Stock

Managing Director

Advised onAlgonquin Power & Utilities Corp. issued Common Stock

Manager

Advised onAlgonquin Power & Utilities Corp. issued Common Stock

Clients

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. The firm specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Exelon Corp. operates as a utility services holding company, which engages in the energy generation, power marketing, and energy delivery business. The company operates through the following segments: Mid Atlantic, Midwest, New England, New York, Electric Reliability Council of Texas (ERCOT) and other Power Regions. The Mid-Atlantic segment represents operations in the eastern half of PJM, which includes New Jersey, Maryland, Virginia, West Virginia, Delaware, the District of Columbia and parts of Pennsylvania and North Carolina. The Midwest segment represents operations in the western half of PJM, which includes portions of Illinois, Pennsylvania, Indiana, Ohio, Michigan, Kentucky and Tennessee, and the United States footprint of MISO, excluding MISO's Southern Region, which covers all or most of North Dakota, South Dakota, Nebraska, Minnesota, Iowa, Wisconsin, the remaining parts of Illinois, Indiana, Michigan and Ohio not covered by PJM, and parts of Montana, Missouri and Kentucky. The New England (NE) segment represents the operations within (International Standards Organization) ISO-NE covering the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The New York (NY) segment represents operations within ISO-NY, which covers the state of New York in its entirety. The ERCOT segment represents operations within Electric Reliability Council of Texas, covering most of the state of Texas. Exelon was founded in February 1999 and is headquartered in Chicago, IL.

Our products and services differ based on state. Please select your state (or the state you're interested in) from the list to the left. Why do our products and services differ based on state? Because our business is regulated by state. We have regulated operations in eight Western and Midwestern states. The different regulatory body for each state we serve determines what products and services we deliver in that state

Key Stats and Financials As of 2018
Market Capitalization
$9.61B
Total Enterprise Value
$12.3B
Earnings Per Share
$0.5
Revenue
$2.12B
Three Year Compounded Annual Growth Rate Of Revenue
27%
Five Year Compounded Annual Growth Rate Of Revenue
25.66%
Enterprise Value Sales
5.82x
Enterprise Value EBITDAOperating
15.24x
TEVNet Income
51.33x
Debt TEV
0.37x
EBITDAMargin
38.17%
Total Debt
$4.56B
Total Equity
$5.52B
EBITDA
$808M
Net Profit
$240M
Investments
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Chapais Energie SNC generates electricity by conversion of biomass. It uses pin hole grate boiler combustion technology for the conversion of biomass for electricity production. The company was founded in 1995 and is headquartered in Chapais, Canada.

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Vestas Wind Systems A/S Industrial Machinery & Manufacturing | Aarhus, CD

Vestas Wind Systems A/S engages in the development, manufacture, sale, and maintenance of wind power plants. It operates through the Power Solutions and Service segments. The Power Solutions segment comprises the sale of wind power plants and wind turbines. The Service segment includes the sale of service contracts, spare parts, and related activities. The company was founded by Smith Hansen and Peder Hansen in 1945 and is headquartered in Aarhus, Denmark.

Union Gas Limited Power & Utilities | Chatham, ON

Union Gas Ltd. engages in the storage, transmission, and distribution of natural gas. It provides natural energy gas delivery and related services to residential, commercial, and industrial customers. The company was founded by Denis A. Coste and Eugene M. Coste on December 19, 1911 and is headquartered in Chatham, Canada.

Avangrid, Inc. Oil & Gas | Orange, CT

Avangrid, Inc. is a diversified energy and utility company. It operates regulated utilities and electricity generation assets through two primary lines of business: Avangrid Networks and Avangrid Renewables. The Avangrid Networks includes eight electric and natural gas utilities. The Avangrid Renewables provides electricity through wind power, across the United States. The company was founded in 1852 and is headquartered in Orange, CT.

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