National Bank Financial Has Lowered Expectations for Algonquin Power & Utilities (NYSE:AQN) Stock Price

Key Points

• National Bank Financial lowered its price target for Algonquin Power & Utilities from $7.00 to $6.50 but maintained an “outperform” rating, implying about 14.3% upside from the current share price.
• Analyst views are mixed: MarketBeat reports a consensus “Hold” rating and an average price target of $6.48, based on seven Buy, six Hold, and one Sell rating.
• Algonquin’s latest quarterly EPS of $0.11 narrowly beat the $0.10 estimate, while revenue of $642.5 million fell short of the $647.2 million forecast.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) had its price objective decreased by National Bank Financial from $7.00 to $6.50 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an "outperform" rating on the utilities provider's stock. National Bank Financial's price objective suggests a potential upside of 14.34% from the company's current price.

AQN has been the subject of a number of other reports. Barclays lowered their price target on shares of Algonquin Power & Utilities from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Thursday, October 1st. Huntington began coverage on shares of Algonquin Power & Utilities in a report on Monday, September 14th. They issued an "outperform" rating and a $7.00 price objective on the stock. Weiss Ratings downgraded shares of Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce decreased their target price on shares of Algonquin Power & Utilities from $6.00 to $5.75 and set a "neutral" rating for the company in a research note on Wednesday, October 28th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $7.00 target price (down from $7.25) on shares of Algonquin Power & Utilities in a report on Monday. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $6.48.

Algonquin Power & Utilities Stock Up 3.0%

AQN traded up $0.17 during trading on Monday, reaching $5.68. The stock had a trading volume of 4,151,849 shares, compared to its average volume of 4,452,304. 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 company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 27.07 and a beta of 0.73. The stock's 50 day moving average is $5.32 and its two-hundred day moving average is $5.94. Algonquin Power & Utilities has a one year low of $4.91 and a one year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its earnings results on Friday, November 6th. The utilities provider reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $642.50 million for the quarter, compared to analysts' expectations of $647.20 million. Algonquin Power & Utilities had a net margin of 6.44% and a return on equity of 5.57%. 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, analysts expect that Algonquin Power & Utilities will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its stake in Algonquin Power & Utilities by 68.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 705,453 shares of the utilities provider's stock valued at $4,134,000 after acquiring an additional 285,672 shares during the period. Bank of America Corp DE purchased a new stake in shares of Algonquin Power & Utilities during the 2nd quarter valued at about $21,608,000. Alberta Investment Management Corp bought a new stake in shares of Algonquin Power & Utilities in the second quarter worth approximately $1,102,000. Krilogy Financial LLC grew its stake in shares of Algonquin Power & Utilities by 7.2% in the third quarter. Krilogy Financial LLC now owns 1,487,400 shares of the utilities provider's stock worth $7,601,000 after acquiring an additional 100,000 shares during the period. Finally, Greenland Capital Management LP bought a new stake in shares of Algonquin Power & Utilities in the second quarter worth approximately $5,732,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Algonquin Power & Utilities Company Profile

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