Algonquin Power & Utilities (NYSE:AQN) Price Target Cut to $7.25 by Analysts at National Bank Financial

Key Points

• National Bank Financial cut its price target on Algonquin Power & Utilities to $7.25 (from $7.50) while maintaining an outperform rating, implying about a 17.7% upside from the prior close.
• The analyst consensus is a Moderate Buy with a consensus price target of $6.63; analyst coverage breaks down as 1 Strong Buy, 5 Buy, 5 Hold and 1 Sell.
• Algonquin beat quarterly estimates (EPS $0.06 vs. $0.04 consensus; revenue $630.7M vs. $625.8M) and set FY2026 guidance of 0.350–0.370 EPS and FY2027 guidance of 0.380–0.420 EPS.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) had its price objective dropped by research analysts at National Bank Financial from $7.50 to $7.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an "outperform" rating on the utilities provider's stock. National Bank Financial's price target points to a potential upside of 17.69% from the company's previous close.

Several other equities analysts also recently weighed in on AQN. Zacks Research upgraded Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd. Janney Montgomery Scott set a $7.00 price objective on shares of Algonquin Power & Utilities in a research note on Monday, November 10th. TD Cowen cut their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a "hold" rating on the stock in a report on Monday. Weiss Ratings cut shares of Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Finally, Wall Street Zen raised shares of Algonquin Power & Utilities from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

Algonquin Power & Utilities Trading Up 1.3%

AQN traded up $0.08 during trading on Monday, hitting $6.16. The company's stock had a trading volume of 3,142,801 shares, compared to its average volume of 4,946,968. Algonquin Power & Utilities has a twelve month low of $4.45 and a twelve month high of $7.11. The stock has a market cap of $4.73 billion, a PE ratio of 26.78 and a beta of 0.75. The firm's 50 day moving average price is $6.54 and its 200-day moving average price is $6.08. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.98.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $630.70 million for the quarter, compared to analysts' expectations of $625.77 million. Algonquin Power & Utilities had a return on equity of 5.45% and a net margin of 7.32%.The business's revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, analysts expect that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Institutional Trading of Algonquin Power & Utilities

Several institutional investors have recently added to or reduced their stakes in AQN. Goldman Sachs Group Inc. boosted its stake in Algonquin Power & Utilities by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider's stock valued at $62,738,000 after acquiring an additional 4,808,539 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Algonquin Power & Utilities in the 2nd quarter valued at about $85,000. Moors & Cabot Inc. bought a new position in shares of Algonquin Power & Utilities during the second quarter worth about $99,000. Wedbush Securities Inc. acquired a new position in Algonquin Power & Utilities in the second quarter worth about $58,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Algonquin Power & Utilities in the second quarter worth about $7,973,000. 62.28% of the stock is owned by institutional investors and hedge funds.

About Algonquin Power & Utilities

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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