Algonquin Power & Utilities (NYSE:AQN) Updates FY 2025 Earnings Guidance

Key Points

• Algonquin Power & Utilities has updated its FY 2025 earnings guidance to a range of 0.300-0.320 EPS, slightly below the consensus estimate of 0.309 EPS, and provided FY 2026 guidance of 0.350-0.370 EPS.
• Research analysts have recently raised their target prices for AQN, with multiple firms setting targets between $6.00 and $6.50, while the average target price stands at $6.31.
• The company has announced a quarterly dividend of $0.065, reflecting a yield of 4.5%, with the payout ratio currently at -16.77%.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) updated its FY 2025 earnings guidance on Friday. The company provided earnings per share guidance of 0.300-0.320 for the period, compared to the consensus earnings per share estimate of 0.309. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AQN shares. Scotiabank upped their target price on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. TD Securities increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. CIBC increased their price objective on Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Desjardins increased their price objective on Algonquin Power & Utilities from $4.75 to $6.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. Finally, Royal Bank Of Canada lifted their price objective 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. One equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to 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 Price Performance

AQN opened at $5.76 on Friday. The stock's 50 day simple moving average is $5.84 and its 200 day simple moving average is $5.32. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.16 and a quick ratio of 0.94. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.24. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of -3.74 and a beta of 0.68.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Algonquin Power & Utilities had a positive return on equity of 4.74% and a negative net margin of 48.78%. During the same period in the previous year, the company posted $0.09 earnings per share. As a group, analysts predict that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.5%. Algonquin Power & Utilities's payout ratio is -16.77%.

Institutional Trading of 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 its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,205,756 shares of the utilities provider's stock after acquiring an additional 4,808,539 shares during the period. Goldman Sachs Group Inc. owned about 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 currently owned by institutional investors and hedge funds.

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.

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