Algonquin Power & Utilities (NYSE:AQN) Given a $7.00 Price Target at National Bank Financial

Key Points

• National Bank Financial assigned Algonquin Power & Utilities a $7.00 price target and “outperform” rating, implying approximately 24% upside from the prior close.
• Analyst sentiment is generally positive, with six Buy and six Hold ratings producing a consensus “Moderate Buy” rating and an average target price of $6.72.
• Shares recently traded at $5.64, while the company’s latest quarterly EPS of $0.04 fell short of the $0.05 consensus estimate; institutional investors own 62.28% of the stock.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) has been assigned a $7.00 price target by equities research analysts at National Bank Financial in a note issued to investors on Tuesday, BayStreet reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. National Bank Financial's price objective suggests a potential upside of 24.03% from the company's previous close.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a research report on Tuesday, May 12th. They issued an "equal weight" rating and a $7.00 price objective on the stock. Finally, TD set a $6.00 price objective on Algonquin Power & Utilities and gave the company a "hold" rating in a research note on Monday. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.72.

Algonquin Power & Utilities Stock Down 0.3%

Shares of AQN traded down $0.02 during trading hours on Tuesday, reaching $5.64. 2,194,525 shares of the stock traded hands, compared to its average volume of 4,459,184. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. The stock has a fifty day simple moving average of $5.80 and a 200 day simple moving average of $6.09. 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 $4.34 billion, a price-to-earnings ratio of 29.71 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.During the same period in the previous year, the company posted $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. On average, equities analysts forecast that Algonquin Power & Utilities will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AQN. EdgePoint Investment Group Inc. raised its stake in Algonquin Power & Utilities by 32.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider's stock valued at $502,563,000 after acquiring an additional 20,074,709 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Algonquin Power & Utilities in the fourth quarter worth about $74,263,000. Norges Bank purchased a new position in shares of Algonquin Power & Utilities in the fourth quarter worth about $67,065,000. Bank of Nova Scotia bought a new stake in shares of Algonquin Power & Utilities in the second quarter valued at approximately $46,703,000. Finally, Legal & General Group Plc bought a new stake in shares of Algonquin Power & Utilities in the second quarter valued at approximately $37,553,000. Institutional investors own 62.28% of the company's stock.

About Algonquin Power & Utilities

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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