5% Div Yld with Current Blended P/E at 19.70 versus 5Y avg pf 21.41. Current risks is the BBB credit rating as well as the 53% LT debt/capital; however, the 9% or so earnings growth rate for a utility is pretty solid.
NYSE:AQN Algonquin Power and other utilities share price is improving likely due to sector rotation as investors seek safe harbor to park their money
It looks like 50-day EMA and 200-day EMA consolidate before the next move up. It might be a good time to short, or just put it on your watch list before the next break-out.
-For the last 2 months AQN has traded above the VWAPs from the significant highs and lows of the year -During the same 2 month period, AQN has outperformed XLU and is now challenging its all time high in outperformance vs. XLU -AQN has recently been outperforming SPY after breaking out of a downtrend in SPY underperformance that has acted as resistance since...
Stop @ $13.77 Long-term on electric companies. Thesis = the internet of electricity (gadgets, hand-helds, portables, wearables, smart devices) APUC's diversified renewable energy business is well positioned with a $2.5 billion capital growth program and over 1,400 MW in the development pipeline. (!!) - Source : C.Schwab Briefing.com Divi stock
Algonquin has had a good run to date and could be a good defensive stock in the event of a down turn. It is coming into earnings so caution advised, but it has bounced and run off their last earnings announcements which is a good sign. It has also broken and closed above an older resistance area so fingers crossed, might be one to watch. Algonquin Power &...