Algonquin Power & Utilities (NYSE:AQN) Updates FY 2026 Earnings Guidance

Key Points

• Algonquin Power & Utilities revised its FY 2026 earnings per share (EPS) guidance to 0.350-0.370, aligning closely with the consensus estimate of 0.360.
• The company announced a quarterly dividend of $0.065 per share, with a dividend yield of 4.5%, scheduled for payment on October 15th.
• Algonquin Power & Utilities has seen varied analyst ratings, with a consensus price target of $6.31, as multiple firms adjusted their price objectives recently.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday 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 Price Performance

AQN stock traded up $0.09 on Tuesday, hitting $5.77. 4,024,292 shares of the company's stock traded hands, compared to its average volume of 10,666,762. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.24. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of -3.20 and a beta of 0.68. The stock has a fifty day moving average of $5.85 and a 200-day moving average of $5.35. The company has a current ratio of 1.16, a quick ratio of 0.94 and a debt-to-equity ratio of 1.21.

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, meeting the consensus estimate of $0.04. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.60%. The firm had revenue of $535.59 million for the quarter, compared to analyst estimates of $535.64 million. During the same quarter in the prior year, the business earned $0.09 EPS. On average, analysts forecast that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -14.44%.

Analysts Set New Price Targets

AQN has been the subject of a number of analyst reports. Scotiabank raised their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. CIBC raised their price objective on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their price target on shares of 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. BMO Capital Markets reissued a "market perform" rating and set a $6.00 price objective (up previously from $5.00) on shares of Algonquin Power & Utilities in a research note on Monday, May 12th. Finally, Raymond James Financial lifted their price target on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a "market perform" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.31.

Institutional Inflows and Outflows

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