Algonquin Power & Utilities (NYSE:AQN) Upgraded to Hold at National Bank Financial

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) was upgraded by investment analysts at National Bank Financial to a "hold" rating in a research note issued to investors on Sunday,Zacks.com reports. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.07 EPS, FY2025 earnings at $0.32 EPS, FY2026 earnings at $0.36 EPS and FY2027 earnings at $0.43 EPS.

Several other equities research analysts have also weighed in on the company. Scotiabank raised their target price on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Royal Bank of Canada raised their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Raymond James boosted their price objective on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, Desjardins upped their target price on shares of Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a "hold" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat.com, Algonquin Power & Utilities presently has an average rating of "Hold" and an average target price of $6.31.

Algonquin Power & Utilities Stock Up 0.8%

AQN stock traded up $0.05 during midday trading on Friday, hitting $5.84. The company's stock had a trading volume of 12,197,464 shares, compared to its average volume of 8,594,180. The firm has a 50-day simple moving average of $5.39 and a 200-day simple moving average of $4.94. The firm has a market capitalization of $4.48 billion, a P/E ratio of -4.52 and a beta of 0.67. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17. Algonquin Power & Utilities has a 52-week low of $4.19 and a 52-week high of $6.36.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The business had revenue of $692.40 million during the quarter, compared to the consensus estimate of $699.08 million. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, equities analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AQN. Vanguard Group Inc. raised its position in Algonquin Power & Utilities by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider's stock worth $139,845,000 after acquiring an additional 544,198 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Algonquin Power & Utilities by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,303,614 shares of the utilities provider's stock valued at $10,219,000 after buying an additional 92,373 shares during the last quarter. Alberta Investment Management Corp raised its holdings in shares of Algonquin Power & Utilities by 8.7% in the fourth quarter. Alberta Investment Management Corp now owns 5,052,789 shares of the utilities provider's stock worth $22,458,000 after acquiring an additional 402,500 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Algonquin Power & Utilities in the fourth quarter worth $990,000. Finally, Swiss National Bank boosted its stake in shares of Algonquin Power & Utilities by 0.6% during the 4th quarter. Swiss National Bank now owns 1,441,700 shares of the utilities provider's stock worth $6,396,000 after purchasing an additional 8,700 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission.