Algonquin Power & Utilities Corp. (NYSE:AQN) Stock Rated "Hold" by Sell-Side Brokerages

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report) have been given an average rating of "Hold" by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and seven 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 $6.66.

A number of research firms recently issued reports on AQN. National Bank Financial set a $7.00 target price on shares of Algonquin Power & Utilities and gave the company an "outperform" rating in a research note on Tuesday, September 1st. Weiss Ratings lowered shares of Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Huntington started coverage on shares of Algonquin Power & Utilities in a research report on Monday, September 14th. They set an "outperform" rating and a $7.00 target price for the company. Barclays decreased 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 report on Thursday, October 1st. Finally, TD set a $6.00 price target on Algonquin Power & Utilities and gave the company a "hold" rating in a research report on Monday, August 31st.

Institutional Trading of Algonquin Power & Utilities

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in shares of Algonquin Power & Utilities by 13.0% in the first quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider's stock worth $83,497,000 after acquiring an additional 1,563,924 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Algonquin Power & Utilities by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 7,716,896 shares of the utilities provider's stock worth $47,382,000 after acquiring an additional 144,500 shares during the period. Bank of Nova Scotia acquired a new position in Algonquin Power & Utilities during the 2nd quarter valued at $46,703,000. Arrowstreet Capital Limited Partnership raised its stake in Algonquin Power & Utilities by 85.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,321,263 shares of the utilities provider's stock valued at $44,861,000 after purchasing an additional 3,376,321 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Algonquin Power & Utilities during the 2nd quarter valued at $37,553,000. Institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Stock Up 1.5%

AQN opened at $5.24 on Wednesday. Algonquin Power & Utilities has a twelve month low of $4.91 and a twelve month high of $7.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.69 and a current ratio of 0.88. The business has a 50 day moving average price of $5.40 and a 200 day moving average price of $5.77. The firm has a market cap of $4.03 billion, a P/E ratio of 27.55 and a beta of 0.72.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. The firm had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. During the same period in the prior year, the business earned $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 was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were given a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 29th. Algonquin Power & Utilities's payout ratio is currently 136.84%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company's regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.

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