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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi 5i,

I currently own the above noted renewable energy utilities. I am thinking of selling AQN. If I did so, (and I would like to keep it in renewables) would you recommend putting the proceeds towards one of the above or something like NPI or possibly a renewable energy ETF. Could you recommend 1 to 3 ETFs?

Thanks!!
Read Answer Asked by Brian on November 15, 2022
Q: Hi 5i Team

Pretty disappointing day for AQN investors. Three questions:

1) Do you think they will need to do an equity raise in 2023 relating to the Kentucky Power acquisition? Initially, they're planning to cover it through existing borrowings (at floating rates) but management indicated on the CC that is expected to be short term.

2) Do you have any info on the actual NAV of their assets (thinking of this like a REIT)? If not, any suggestions where to look / how to calc?

3) Given the importance of dividends to investors (current and future), what will likely be the catalyst for cutting it and how long do you think they will hold the line before deciding it's necessary?

Thanks
Peter
Read Answer Asked by Peter on November 14, 2022
Q: Good morning all at 5i!!

I hold both having just purchased capital power a little while ago. I have held Algonquin for a long time. Should I sell Algonquin shares and buy more Capital power, or keep both since they are held in different portfolios???
Cheers,
Not liking the snow.. Tamara
Read Answer Asked by Tamara on November 14, 2022
Q: I’m still in the green on AQN, having owned it for a while. I held on for the dividend and because it is in a non-registered account and didn’t want to pay the tax. Of course, the share price is about half of its peak of about a year ago. I did not see any signs at the peak that AQN would have such a precipitous fall.

How to view this?
1. Tune it all out as noise and keep collecting the dividend.
2. In future, trim any stock that more than doubles and reinvest in a different company, taxes be damned.
3. Consider this drop as over done and a buying opportunity.
Read Answer Asked by Danny on November 14, 2022
Q: Hi,
Having a position in AQN that is now underwater, I am wondering about selling it as well as two bank holdings that have a total profit equal to AQN's loss with the idea that I can use the proceeds to purchase another bank stock or two, top up ENB holdings, or something else you might recommend. All three holdings are in taxable accounts. Open to suggestions, as I have the sense that waiting to see how AQN does from here appears to be more risky than moving on. Your thoughts on this idea would be most appreciated!

Dawn


Read Answer Asked by Dawn on November 14, 2022
Q: Hi Peter, Ryan, and Team,

Would you consider Algonquin to essentially be an income stock in the near term? Having held it for some time now, and always 'hoping' for better results, we now find ourselves underwater. (Too bad we didn't sell yesterday!!) In the Utilities sector, we also hold BEP.UN (terrific gain, CPX (also underwater), and FTS (nice moderate gain). Once the dust settles, and we’re able to sell AQN, which of our other Utilities would you suggest to put the proceeds, or is there perhaps another Utility you’d recommend? Thanks as always for your timely advice.
Read Answer Asked by Jerry on November 11, 2022
Q: I dis read your comment today on a "similar" question,I hold a large amount of this stock in registered and non registered accounts , mainly for dividends during future retirement .Is the actual dividend at risk ,and is this Cie at risk for a longer term investment ( In other words ,is it relatively safe to keep this large portion of the stock?) , Regards
Read Answer Asked by Jean-Yves on November 11, 2022
Q: Can you please rank the above utilities for Value. I used EV/EBITA data from Yahoo Finance and got this: NPI (8), BIP.UN (11), FTS (12.7), BLX (13), BEP.UN (15), NEE (26), AQN (28)
Thanks!
Read Answer Asked by Grant on November 07, 2022
Q: I've been building out a sub portfolio in my registered account with the above stocks. It's hard to turn down 5-7% yields + growth potential.

Do you perceive any major crossover/risk with the holding all of the above / should I consider consolidating?
Read Answer Asked by Alexander on November 04, 2022
Q: Hi, Capital Power announced strong results, but the stock keeps declining, despite its cheaper valuation compared to other utilities. Any comments ? Thanks
Read Answer Asked by rajeev on November 03, 2022
Q: Hello Peter,
Algonquin Power has a current dividend rate of. 6.72 percent given the current price of 14.55 cdn according to yahoo. Does this rate include the conversion to Canadian currency. I was thinking of buying AQN over Canadian Apartment Reit mostly due to the dividend (6.7 percent vs 3.53). I know it is not an apples to apples but from an upside both seem to be the same, approximately 30 percent. If you do think it is worth diversifying, is there another reit that pays high dividend but is considered stable. Thanks very much
Read Answer Asked by umedali on October 20, 2022
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