Algonquin Power & Utilities Corp. (NYSE:AQN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus is “Moderate Buy”: Six analysts rate Algonquin Power & Utilities a buy and six recommend holding, with an average 12-month price target of $6.725 versus a recent price of $5.66.
• Quarterly earnings slightly missed expectations: The company reported EPS of $0.04, below the $0.05 consensus, while revenue matched estimates at $582.99 million.
• Algonquin declared a quarterly dividend of $0.065, equivalent to $0.26 annually and a 4.6% yield; however, its payout ratio is elevated at 136.84%.

Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report) has received an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.7250.

AQN has been the subject of a number of analyst reports. TD set a $6.00 price objective on shares of Algonquin Power & Utilities and gave the company a "hold" rating in a report on Monday. National Bank Financial lowered their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a research report on Friday, July 3rd. Wells Fargo & Company assumed coverage on Algonquin Power & Utilities in a research note on Tuesday, May 12th. They set an "equal weight" rating and a $7.00 price objective on the stock. Finally, Weiss Ratings cut Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 11th.

Algonquin Power & Utilities Stock Performance

NYSE AQN opened at $5.66 on Tuesday. Algonquin Power & Utilities has a 12 month low of $5.32 and a 12 month high of $7.11. The stock has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $6.09. 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 $4.36 billion, a PE ratio of 29.79 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last issued its 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). The company had revenue of $582.99 million for 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 quarter last year, the business posted $0.04 EPS. 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. Research analysts forecast that Algonquin Power & Utilities will post 0.35 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a $0.065 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 annualized dividend and a dividend yield of 4.6%. Algonquin Power & Utilities's payout ratio is currently 136.84%.

Institutional Trading of Algonquin Power & Utilities

Hedge funds have recently bought and sold shares of the stock. Wedge Capital Management L L P NC boosted its stake in Algonquin Power & Utilities by 68.1% in the 2nd quarter. Wedge Capital Management L L P NC now owns 705,453 shares of the utilities provider's stock worth $4,134,000 after purchasing an additional 285,672 shares during the period. ARS Investment Partners LLC lifted its holdings in shares of Algonquin Power & Utilities by 29.6% in the fourth quarter. ARS Investment Partners LLC now owns 863,660 shares of the utilities provider's stock valued at $5,312,000 after purchasing an additional 197,490 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Algonquin Power & Utilities by 4,665.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 918,774 shares of the utilities provider's stock valued at $5,657,000 after purchasing an additional 899,493 shares in the last quarter. Cidel Asset Management Inc. boosted its position in shares of Algonquin Power & Utilities by 42.1% during the first quarter. Cidel Asset Management Inc. now owns 3,535,918 shares of the utilities provider's stock worth $21,587,000 after buying an additional 1,048,080 shares during the period. Finally, Alberta Investment Management Corp bought a new position in shares of Algonquin Power & Utilities during the second quarter worth about $1,102,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

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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