Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.300-0.320 for the period, compared to the consensus earnings per share estimate of 0.300. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. BMO Capital Markets reissued a "market perform" rating and set a $6.00 target price (up previously from $5.00) on shares of Algonquin Power & Utilities in a research note on Monday, May 12th. National Bankshares downgraded Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price objective on the stock. in a report on Wednesday. Raymond James boosted their price objective on Algonquin Power & Utilities from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Wednesday. Wall Street Zen downgraded Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Finally, CIBC boosted their price target on Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a "neutral" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $6.31.
View Our Latest Analysis on AQN
Algonquin Power & Utilities Trading Down 4.8%
Shares of AQN traded down $0.30 during trading hours on Wednesday, hitting $5.92. 24,249,907 shares of the stock were exchanged, compared to its average volume of 8,505,716. The firm has a market capitalization of $4.55 billion, a P/E ratio of -4.59 and a beta of 0.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The business has a 50-day moving average of $5.33 and a 200-day moving average of $4.90. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.36.
Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The business had revenue of $692.40 million during the quarter, compared to the consensus estimate of $699.08 million. During the same period in the previous year, the company posted $0.14 earnings per share. On average, research analysts expect that Algonquin Power & Utilities will post 0.38 EPS for the current year.
Algonquin Power & Utilities Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.39%. Algonquin Power & Utilities's payout ratio is presently -15.48%.
Institutional Investors Weigh In On Algonquin Power & Utilities
A hedge fund recently raised its stake in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. increased its position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 65.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,205,756 shares of the utilities provider's stock after buying an additional 4,808,539 shares during the period. Goldman Sachs Group Inc. owned 1.59% of Algonquin Power & Utilities worth $62,738,000 at the end of the most recent reporting period. 62.28% of the stock is owned by institutional investors and hedge funds.
About Algonquin Power & Utilities
(
Get Free Report)
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.
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