AQN FY2025 EPS Forecast Reduced by National Bank Financial

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - National Bank Financial decreased their FY2025 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a report released on Tuesday, June 3rd. National Bank Financial analyst R. Merer now anticipates that the utilities provider will post earnings of $0.32 per share for the year, down from their prior forecast of $0.37. National Bank Financial has a "Sector Perform" rating and a $6.75 price target on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. National Bank Financial also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.36 EPS and FY2027 earnings at $0.43 EPS.

AQN has been the subject of a number of other research reports. Raymond James raised their price target on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the stock a "market perform" rating in a report on Wednesday. BMO Capital Markets restated a "market perform" rating and issued a $6.00 target price (up previously from $5.00) on shares of Algonquin Power & Utilities in a research note on Monday, May 12th. Royal Bank of Canada lifted their price target on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday. Wall Street Zen lowered Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, National Bankshares downgraded Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 target price for the company. in a report on Wednesday. One research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of "Hold" and a consensus price target of $6.31.

Algonquin Power & Utilities Price Performance

NYSE AQN opened at $5.85 on Friday. Algonquin Power & Utilities has a 12-month low of $4.19 and a 12-month high of $6.36. The firm's fifty day simple moving average is $5.36 and its two-hundred day simple moving average is $4.92. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $4.49 billion, a P/E ratio of -4.53 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The utilities provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.09 by $0.05. The business had revenue of $692.40 million during the quarter, compared to analyst estimates of $699.08 million. Algonquin Power & Utilities had a negative net margin of 39.12% and a positive return on equity of 5.22%. During the same quarter in the previous year, the business posted $0.14 EPS.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.065 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.45%. Algonquin Power & Utilities's payout ratio is -15.48%.

Institutional Investors Weigh In On Algonquin Power & Utilities

Several large investors have recently modified their holdings of the stock. Starboard Value LP increased its position in Algonquin Power & Utilities by 5.1% during the 4th quarter. Starboard Value LP now owns 65,316,000 shares of the utilities provider's stock worth $290,656,000 after purchasing an additional 3,175,000 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of Algonquin Power & Utilities by 84.9% in the 1st quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider's stock valued at $216,868,000 after buying an additional 19,392,805 shares during the period. FIL Ltd boosted its stake in shares of Algonquin Power & Utilities by 85.6% in the fourth quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider's stock valued at $181,473,000 after buying an additional 18,857,515 shares in the last quarter. Vanguard Group Inc. grew its holdings in Algonquin Power & Utilities by 0.6% during the first quarter. Vanguard Group Inc. now owns 31,715,401 shares of the utilities provider's stock worth $162,859,000 after acquiring an additional 204,473 shares during the period. Finally, Bank of Montreal Can grew its holdings in Algonquin Power & Utilities by 0.6% during the fourth quarter. Bank of Montreal Can now owns 21,000,723 shares of the utilities provider's stock worth $93,090,000 after acquiring an additional 117,757 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.

About Algonquin Power & Utilities

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.