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 7X1

Type of Company

Public

Employees (Worldwide)

2,241

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.

Executives & Employees

President, Chief Executive Officer & Director

Chief Financial Officer

Chief Development Officer

Chief Legal Officer

Chief Transformation Officer

Secretary & Chief Administrative Officer

Vice Chair

Chief Operating Officer, Renewable Generation Group

Director, Investor Relations

Vice President, Investor Relations

Board of Directors

Managing Partner at NewPoint Capital Partners, Inc.

Vice Chair at Algonquin Power & Utilities Corp.

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

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

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 Asset Management manages a variety of Canadian equity portfolios including large-cap, small-cap, dividend growth and income, as well as specialized mandates such as natural resources and precious metals. The firm also manages a range of fixed-income portfolios including money market, short term, universe, long bonds and mortgage mandates. For clients seeking exposure outside of Canada, they offer a US equity only portfolio in cooperation with Harris Investment Management of Chicago and an EAFE portfolio in cooperation with Pyrford International of London. BMO also offers a foreign equity pooled fund which incorporates the growth-oriented US equity style from Harris Investment Management with EAFE investments from Pyrford International.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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Intact Investment Management specializes in the active management of stocks and fixed-income securities for institutional and retail investors.

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Merrill Lynch Canada, Inc. is a broker/dealer headquartered in Toronto, Ontario. The firm is a subsidiary of Midland Walwyn, Inc. and their ultimate parent is Bank of America Corp. (NYSE: BAC). Their equity research team conducts fundamental analysis on companies globally, providing institutional and retail clients with industry-specific and in-depth research and analysis on more than 20 industries. The firm's global strategy and economics team serves institutional and individual investor clients using a wide range of macroeconomic disciplines. The group offers in-depth analysis of critical global issues, providing clients with investment ideas, market forecasts, macro overviews and specific sector recommendations across asset classes, regions and disciplines. Merrill Lynch Canada's global fixed-income and equity-linked research includes, fixed-income and equity derivatives, fixed-income strategy, convertibles, commodities, high-yield, mortgages, municipals and global foreign exchange.

Recent Transactions
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Algonquin Power & Utilities Corp. purchases Atlantica Yield Plc from Abengoa SA

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Algonquin Power & Utilities Corp. purchases Atlantica Yield Plc from Abengoa SA

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Algonquin Power & Utilities Corp. issued Common Shares

Transaction Advisors
Legal Advisor

Advised onAlgonquin Power & Utilities Corp. issued Common Shares

Manager

Advised onAlgonquin Power & Utilities Corp. issued Common Shares

Lead Manager

Advised onAlgonquin Power & Utilities Corp. issued Common Shares

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

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

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, 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 segment represents the operations within ISO-NE covering the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. The New York 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.

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

Key Stats and Financials As of 2017
Market Capitalization
$6.25B
Total Enterprise Value
$10.3B
Earnings Per Share
$0.48
Revenue
$1.98B
Net Profit
$193M
TEVNet Income
53.11x
Debt TEV
0.38x
Total Debt
$3.88B
Total Equity
$4.22B
EBITDAMargin
40.87%
Enterprise Value Sales
5.17x
Enterprise Value EBITDAOperating
12.65x
EBITDA
$811M
Three Year Compounded Annual Growth Rate Of Revenue
28.37%
Five Year Compounded Annual Growth Rate Of Revenue
39.93%
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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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.