Algonquin Power & Utilities (NYSE:AQN) Updates 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

Several equities analysts have recently commented on AQN shares. Scotiabank boosted their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. National Bank Financial upgraded shares of Algonquin Power & Utilities to a "hold" rating in a report on Sunday, June 8th. CIBC upped 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. BMO Capital Markets reissued a "market perform" rating and issued a $6.00 price target (up previously from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday, May 12th. Finally, Royal Bank Of Canada 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. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.31.

Algonquin Power & Utilities Trading Down 2.8%

AQN stock opened at $5.76 on Friday. The firm has a fifty day moving average price of $5.84 and a 200 day moving average price of $5.32. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.24. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.94 and a current ratio of 1.16. The firm has a market cap of $4.42 billion, a PE ratio of -3.74 and a beta of 0.68.

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 (EPS) for the quarter, meeting the consensus estimate of $0.04. Algonquin Power & Utilities had a negative net margin of 48.78% and a positive return on equity of 4.74%. During the same quarter in the prior year, the company earned $0.09 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.5%. Algonquin Power & Utilities's payout ratio is presently -16.77%.

Institutional Trading of Algonquin Power & Utilities

An institutional investor recently raised its position in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. increased its holdings in shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) by 65.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,205,756 shares of the utilities provider's stock after buying an additional 4,808,539 shares during the quarter. Goldman Sachs Group Inc. owned about 1.59% of Algonquin Power & Utilities worth $62,738,000 as of its most recent filing with the Securities and Exchange Commission. 62.28% of the stock is currently 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.

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