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

Key Points

• Algonquin Power & Utilities set FY 2027 EPS guidance at $0.38–$0.42, compared with analysts’ consensus estimate of $0.40, and updated FY 2026 guidance to $0.35–$0.37 per share.
• The company’s latest quarterly EPS was $0.04, missing the $0.05 consensus estimate by $0.01. Shares opened at $5.70, below both their 50-day moving average of $5.85 and 200-day moving average of $6.18.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $6.81, while institutional investors own 62.28% of the stock; Goldman Sachs increased its position by 65% during the first quarter.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) issued an update on its FY 2027 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.380-0.420 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.

Algonquin Power & Utilities Price Performance

Shares of Algonquin Power & Utilities stock opened at $5.70 on Friday. The business has a 50 day moving average of $5.85 and a 200 day moving average of $6.18. Algonquin Power & Utilities has a 52 week low of $5.32 and a 52 week high of $7.11. The company has a market cap of $4.38 billion, a PE ratio of 25.89 and a beta of 0.70. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 1.26.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.21% and a net margin of 6.62%.During the same quarter in the prior year, the company earned $0.04 earnings per share. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. As a group, equities research analysts forecast that Algonquin Power & Utilities will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AQN. Weiss Ratings restated a "hold (c)" rating on shares of Algonquin Power & Utilities in a research report on Friday, July 17th. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They issued an "equal weight" rating and a $7.00 price target on the stock. Canadian Imperial Bank of Commerce upped their price objective on Algonquin Power & Utilities from $6.25 to $6.50 and gave the company a "neutral" rating in a research report on Monday, April 20th. Finally, National Bank Financial cut their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.81.

Institutional Investors Weigh In On Algonquin Power & Utilities

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in shares of Algonquin Power & Utilities by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider's stock worth $62,738,000 after buying an additional 4,808,539 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Algonquin Power & Utilities during the second quarter worth approximately $85,000. American Century Companies Inc. lifted its position in shares of Algonquin Power & Utilities by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 240,683 shares of the utilities provider's stock valued at $1,377,000 after acquiring an additional 18,752 shares during the period. Russell Investments Group Ltd. grew its position in Algonquin Power & Utilities by 15.9% in the second quarter. Russell Investments Group Ltd. now owns 120,708 shares of the utilities provider's stock valued at $691,000 after acquiring an additional 16,552 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Algonquin Power & Utilities by 465.0% during the second quarter. Marshall Wace LLP now owns 106,046 shares of the utilities provider's stock valued at $608,000 after acquiring an additional 87,276 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp NYSE: AQN is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company's renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.

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