Algonquin Power & Utilities (NYSE:AQN) Now Covered by Barclays

Key Points

• Barclays initiated coverage of Algonquin Power & Utilities (AQN) with an Overweight rating and a $7.00 price target, implying roughly a 14.3% upside from the prior close.
• Analyst sentiment is mixed—six Buys and seven Holds with an average rating of Hold and average price target $6.66—and AQN recently beat quarterly EPS and revenue expectations while setting FY2026–27 EPS guidance of 0.350–0.370 and 0.380–0.420, respectively.

Analysts at Barclays assumed coverage on shares of Algonquin Power & Utilities (NYSE:AQN - Get Free Report) in a research report issued on Wednesday. The brokerage set an "overweight" rating and a $7.00 price target on the utilities provider's stock. Barclays's price objective suggests a potential upside of 14.29% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Algonquin Power & Utilities from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, March 20th. Raymond James Financial raised shares of Algonquin Power & Utilities from a "market perform" rating to an "outperform" rating and increased their price target for the company from $6.50 to $7.25 in a report on Monday, March 9th. National Bank Financial dropped their price target on Algonquin Power & Utilities from $7.50 to $7.25 and set an "outperform" rating for the company in a research report on Monday, March 9th. Wall Street Zen cut Algonquin Power & Utilities from a "buy" rating to a "hold" rating in a research note on Sunday, March 15th. Finally, TD Cowen decreased their price objective on Algonquin Power & Utilities from $6.50 to $6.00 and set a "hold" rating on the stock in a research report on Monday, March 9th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $6.66.

Algonquin Power & Utilities Stock Down 0.6%

NYSE AQN opened at $6.13 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $4.71 billion, a P/E ratio of 26.63 and a beta of 0.75. Algonquin Power & Utilities has a one year low of $4.45 and a one year high of $7.11. The stock has a 50 day moving average price of $6.53 and a 200-day moving average price of $6.15.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $630.70 million for the quarter, compared to analysts' expectations of $625.77 million. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. Algonquin Power & Utilities's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. As a group, equities analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Algonquin Power & Utilities during the third quarter valued at approximately $29,000. Group One Trading LLC grew its stake in Algonquin Power & Utilities by 63.3% in the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider's stock worth $46,000 after purchasing an additional 2,900 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Algonquin Power & Utilities during the 4th quarter worth $47,000. Tudor Investment Corp ET AL purchased a new position in Algonquin Power & Utilities during the 4th quarter worth $62,000. Finally, Fiera Capital Corp bought a new position in shares of Algonquin Power & Utilities during the 3rd quarter worth $55,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp NYSE: AQN is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company's renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.

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