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

Key Points

• Algonquin Power & Utilities updated its FY 2027 earnings guidance, projecting earnings per share between 0.420 and 0.460, while also adjusting its FY 2025 guidance to 0.300-0.320 EPS.
• Several analysts have raised their price targets for AQN shares, with Scotiabank increasing its target to $6.50 and maintaining a "sector perform" rating.
• The company recently declared a quarterly dividend of $0.065, with a dividend yield of 4.5%, payable on October 15th to stockholders of record by September 30th.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2027 earnings guidance on Friday morning. The company provided earnings per share 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.

Analysts Set New Price Targets

A number of research firms have weighed in on AQN. Desjardins upped their price target on Algonquin Power & Utilities from $4.75 to $6.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Raymond James Financial increased their price objective on Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a "market perform" rating in a report on Wednesday, June 4th. Royal Bank Of Canada increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Finally, Scotiabank increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.31.

Algonquin Power & Utilities Stock Up 1.5%

Shares of NYSE:AQN traded up $0.09 during trading on Tuesday, reaching $5.77. 4,024,292 shares of the stock were exchanged, compared to its average volume of 10,666,762. 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 stock has a fifty day moving average of $5.85 and a two-hundred day moving average of $5.35. The firm 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 (NYSE:AQN - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Algonquin Power & Utilities had a positive return on equity of 4.60% and a negative net margin of 57.66%. The business had revenue of $535.59 million during the quarter, compared to the consensus estimate of $535.64 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. Research analysts anticipate that Algonquin Power & Utilities will post 0.38 earnings per share for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

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

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 second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 14,834 shares of the utilities provider's stock, valued at approximately $85,000. 62.28% of the stock is owned by institutional investors.

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.