Algonquin Power & Utilities Corp. (AQN) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on Algonquin Power & Utilities: six rate it Buy, six Hold, and one Sell. The average 12-month price target is $6.43.
• The company slightly beat quarterly EPS estimates at $0.11 versus $0.10, but revenue of $642.5 million fell short of the $647.2 million consensus.
• Algonquin announced a quarterly dividend of $0.065 per share, or $0.26 annualized, yielding about 4.6%; its payout ratio is 123.81%.

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $6.43.

A number of research analysts have weighed in on AQN shares. TD set a $6.00 target price on shares of Algonquin Power & Utilities and gave the stock a "hold" rating in a research note on Monday, August 31st. BMO Capital Markets dropped their price target on Algonquin Power & Utilities from $6.50 to $6.00 and set a "market perform" rating for the company in a research report on Monday, November 9th. Canadian Imperial Bank of Commerce dropped their price target on Algonquin Power & Utilities from $6.00 to $5.75 and set a "neutral" rating for the company in a research report on Wednesday, October 28th. Barclays cut their price target on Algonquin Power & Utilities from $7.00 to $6.00 and set an "overweight" rating for the company in a report on Thursday, October 1st. Finally, Raymond James Financial reduced their price objective on Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating on the stock in a research report on Monday, November 9th.

Institutional Trading of Algonquin Power & Utilities

A number of hedge funds and other institutional investors have recently modified their holdings of AQN. Assetmark Inc. raised its stake in shares of Algonquin Power & Utilities by 9.4% during the 1st quarter. Assetmark Inc. now owns 22,141 shares of the utilities provider's stock worth $136,000 after buying an additional 1,895 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Algonquin Power & Utilities by 13.1% in the first quarter. Bank of New York Mellon Corp now owns 17,334 shares of the utilities provider's stock valued at $106,000 after buying an additional 2,010 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Algonquin Power & Utilities by 1.5% in the third quarter. Pictet Asset Management Holding SA now owns 145,655 shares of the utilities provider's stock valued at $734,000 after buying an additional 2,173 shares in the last quarter. Focused Alpha LLC boosted its stake in shares of Algonquin Power & Utilities by 4.7% in the third quarter. Focused Alpha LLC now owns 50,535 shares of the utilities provider's stock valued at $254,000 after buying an additional 2,272 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC grew its holdings in Algonquin Power & Utilities by 9.9% during the first quarter. Infrastructure Capital Advisors LLC now owns 29,288 shares of the utilities provider's stock worth $180,000 after acquiring an additional 2,646 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Algonquin Power & Utilities Price Performance

Shares of NYSE AQN traded up $0.07 during mid-day trading on Friday, reaching $5.59. The company's stock had a trading volume of 3,873,794 shares, compared to its average volume of 4,152,434. The stock has a 50-day moving average of $5.32 and a two-hundred day moving average of $5.91. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a market capitalization of $4.31 billion, a P/E ratio of 26.64 and a beta of 0.73. Algonquin Power & Utilities has a 1-year low of $4.91 and a 1-year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.01. Algonquin Power & Utilities had a net margin of 6.44% and a return on equity of 5.58%. The firm had revenue of $642.50 million for the quarter, compared to analyst estimates of $647.20 million. 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 research analysts anticipate that Algonquin Power & Utilities will post 0.36 EPS for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.0650 dividend. This represents a $0.26 annualized dividend and a yield of 4.6%. The ex-dividend date is Thursday, December 31st. Algonquin Power & Utilities's dividend payout ratio is presently 123.81%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian utility company whose regulated businesses provide electricity, natural gas, water and wastewater services to customers in the United States and Canada. Many of its utility operations serve customers under the Liberty brand. The company has historically combined utility services with renewable power generation. Following the sale of its renewable energy business, Algonquin shifted its focus toward its regulated utility operations and the infrastructure needed to deliver essential services.

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