Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.350-0.370 for the period, compared to the consensus EPS estimate of 0.360. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2025 guidance to 0.300-0.320 EPS.
Algonquin Power & Utilities Stock Performance
Shares of NYSE:AQN traded down $0.30 during trading on Wednesday, hitting $5.92. 24,249,907 shares of the stock were exchanged, compared to its average volume of 8,505,716. The company's fifty day simple moving average is $5.33 and its 200-day simple moving average is $4.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of -4.59 and a beta of 0.67. 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 quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The company had revenue of $692.40 million for 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 business earned $0.14 earnings per share. Sell-side analysts expect that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.
Algonquin Power & Utilities Announces Dividend
The firm also recently declared 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 is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 4.39%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -15.48%.
Analyst Ratings Changes
A number of brokerages have weighed in on AQN. CIBC boosted their target price on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a "neutral" rating in a research note on Wednesday. Scotiabank raised their price target on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday. Royal Bank of Canada increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday. National Bank Financial 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. Finally, Raymond James boosted their price target on Algonquin Power & Utilities from $5.00 to $6.00 and gave the stock a "market perform" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the stock. Based on data from MarketBeat, Algonquin Power & Utilities presently has a consensus rating of "Hold" and an average price target of $6.31.
Read Our Latest Stock Report on Algonquin Power & Utilities
Institutional Trading of Algonquin Power & Utilities
A hedge fund recently raised its stake in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. grew its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 65.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,205,756 shares of the utilities provider's stock after purchasing 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 quarter. Institutional investors own 62.28% of the company's stock.
Algonquin Power & Utilities Company Profile
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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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