Algonquin Power & Utilities (NYSE:AQN) Price Target Lowered to $7.00 at Desjardins

Key Points

• Desjardins lowered its price target for Algonquin Power & Utilities to $7.00 from $7.25 while keeping a "buy" rating, a target that implies roughly a 13.6% upside from the prior close.
• The stock has a consensus analyst view of a "Moderate Buy" with an average target of $6.63, though several brokers recently upgraded the name (e.g., Raymond James to "outperform," Zacks to "strong-buy").
• Algonquin reported a quarter-beating EPS of $0.06 (vs. $0.04 consensus) and $630.7M in revenue, trades around $6.16 with a $4.73B market cap, and has FY2026–FY2027 EPS guidance of 0.350–0.370 and 0.380–0.420 respectively.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) had its price target lowered by equities research analysts at Desjardins from $7.25 to $7.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "buy" rating on the utilities provider's stock. Desjardins' price target indicates a potential upside of 13.64% from the company's previous close.

Several other brokerages have also weighed in on AQN. Raymond James Financial raised Algonquin Power & Utilities from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $6.50 to $7.25 in a report on Monday. Zacks Research upgraded shares of 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 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 10th. Scotiabank raised shares of Algonquin Power & Utilities from a "sector perform" rating to a "sector outperform" rating and set a $6.50 price target on the stock in a research report on Tuesday, December 16th. Finally, National Bank Financial set a $7.50 price target on shares of Algonquin Power & Utilities in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.63.

Algonquin Power & Utilities Stock Performance

Algonquin Power & Utilities stock traded up $0.08 during trading on Monday, hitting $6.16. The stock had a trading volume of 3,142,801 shares, compared to its average volume of 4,946,968. The stock's 50 day moving average is $6.54 and its two-hundred day moving average is $6.08. Algonquin Power & Utilities has a 1 year low of $4.45 and a 1 year high of $7.11. The stock has a market cap of $4.73 billion, a price-to-earnings ratio of 26.78 and a beta of 0.75. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 1.26.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The business had revenue of $630.70 million during the quarter, compared to the consensus estimate 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 for the quarter was up 7.8% on a year-over-year basis. During the same period last 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, analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Institutional Trading of Algonquin Power & Utilities

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP purchased a new stake in Algonquin Power & Utilities in the third quarter valued at approximately $29,000. Group One Trading LLC raised its position in Algonquin Power & Utilities by 63.3% during the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 2,900 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Algonquin Power & Utilities during the fourth quarter worth about $47,000. Tudor Investment Corp ET AL purchased a new position in shares of Algonquin Power & Utilities in the 4th quarter worth about $62,000. Finally, Wedbush Securities Inc. bought a new position in shares of Algonquin Power & Utilities during the 2nd quarter valued at about $58,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

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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