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) issued an update on its FY 2025 earnings guidance on Friday morning. The company provided EPS guidance of 0.300-0.320 for the period, compared to the consensus EPS 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.

Algonquin Power & Utilities Stock Up 1.5%

Shares of Algonquin Power & Utilities stock traded up $0.09 during trading on Tuesday, reaching $5.77. The company's stock had a trading volume of 4,024,292 shares, compared to its average volume of 10,666,762. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.21. The company has a market cap of $4.43 billion, a price-to-earnings ratio of -3.20 and a beta of 0.68. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.24. The company has a 50-day simple moving average of $5.85 and a two-hundred day simple moving average of $5.35.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04. Algonquin Power & Utilities had a positive return on equity of 4.60% and a negative net margin of 57.66%. The firm had revenue of $535.59 million during the quarter, compared to analysts' expectations of $535.64 million. During the same quarter last year, the firm earned $0.09 EPS. As a group, equities analysts forecast that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 4.5%. Algonquin Power & Utilities's payout ratio is currently -14.44%.

Analyst Ratings Changes

A number of analysts have commented on AQN shares. National Bankshares cut Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price target for the company. in a research report on Wednesday, June 4th. Scotiabank lifted their price objective 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. CIBC lifted their price objective on Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective 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. Finally, National Bank Financial upgraded Algonquin Power & Utilities to a "hold" rating in a research note on Sunday, June 8th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.31.

Institutional Investors Weigh In On Algonquin Power & Utilities

An institutional investor recently bought a new position in Algonquin Power & Utilities stock. Envestnet Asset Management Inc. acquired a new position in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 14,834 shares of the utilities provider's stock, valued at approximately $85,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Company Profile

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.