Algonquin Power & Utilities (NYSE:AQN) Downgraded by National Bank Financial to "Sector Perform"

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) was downgraded by investment analysts at National Bank Financial from an "outperform" rating to a "sector perform" rating in a research note issued on Wednesday, Marketbeat reports. They currently have a $6.75 target price on the utilities provider's stock. National Bank Financial's price objective suggests a potential upside of 15.48% from the company's current price. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.07 EPS.

Several other equities analysts have also weighed in on the company. Scotiabank raised their target price on Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. CIBC reduced their target price on Algonquin Power & Utilities from $5.50 to $5.25 and set a "neutral" rating for the company in a report on Thursday, April 24th. Wall Street Zen downgraded Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. National Bankshares decreased their price objective on shares of Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Finally, Royal Bank of Canada raised their target price on shares of Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.31.

Algonquin Power & Utilities Price Performance

Shares of NYSE AQN traded down $0.08 during mid-day trading on Wednesday, reaching $5.85. The company had a trading volume of 14,983,607 shares, compared to its average volume of 8,531,523. The company has a 50-day moving average price of $5.35 and a two-hundred day moving average price of $4.91. The stock has a market cap of $4.49 billion, a PE ratio of -4.53 and a beta of 0.67. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.36.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its earnings results on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.05. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The business had revenue of $692.40 million for the quarter, compared to the consensus estimate of $699.08 million. During the same period last year, the firm posted $0.14 earnings per share. On average, equities analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Institutional Trading of Algonquin Power & Utilities

Large investors have recently bought and sold shares of the stock. US Bancorp DE grew its stake in Algonquin Power & Utilities by 85.7% during the first quarter. US Bancorp DE now owns 4,887 shares of the utilities provider's stock worth $25,000 after buying an additional 2,256 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Algonquin Power & Utilities during the 1st quarter worth approximately $31,000. Atria Wealth Solutions Inc. acquired a new stake in Algonquin Power & Utilities during the 1st quarter valued at $51,000. SVB Wealth LLC bought a new position in Algonquin Power & Utilities in the 4th quarter valued at $49,000. Finally, Sowell Financial Services LLC acquired a new position in Algonquin Power & Utilities in the first quarter worth $59,000. 62.28% of the stock is currently owned by institutional investors.

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.