Algonquin Power & Utilities (NYSE:AQN) Updates FY 2027 Earnings Guidance

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.420-0.460 for the period. 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 Down 4.8%

NYSE AQN traded down $0.30 on Wednesday, reaching $5.92. The company had a trading volume of 24,249,907 shares, compared to its average volume of 8,505,716. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.36. The firm has a 50-day moving average of $5.33 and a 200-day moving average of $4.90. The firm has a market capitalization of $4.55 billion, a PE ratio of -4.59 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted 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. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. The company had revenue of $692.40 million during the quarter, compared to analysts' expectations of $699.08 million. During the same period in the prior year, the company posted $0.14 EPS. On average, equities research analysts anticipate that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 4.39%. Algonquin Power & Utilities's payout ratio is -15.48%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Royal Bank of Canada raised their price target on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a report on Wednesday. CIBC raised their target price on Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a "neutral" rating in a research note on Wednesday. BMO Capital Markets reiterated a "market perform" rating and issued a $6.00 price objective (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday, May 12th. Finally, Raymond James boosted their price objective 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 equities research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $6.31.

Institutional Trading of Algonquin Power & Utilities

A hedge fund recently raised its stake in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. increased its holdings in Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 65.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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. 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.