Research Analysts Set Expectations for AQN Q2 Earnings

Key Points

• Desjardins has lowered its Q2 2025 EPS estimate for Algonquin Power & Utilities from $0.05 to $0.04, maintaining a "Hold" rating with a target price of $6.00.
• Despite the downgrade, other brokerages have raised their price targets for the company, with Scotiabank increasing it to $6.50, and CIBC to $6.25.
• Algonquin Power & Utilities has announced a quarterly dividend of $0.065 per share, yielding 4.6%, to be paid on October 15th.

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Stock analysts at Desjardins decreased their Q2 2025 earnings estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Wednesday, August 6th. Desjardins analyst B. Stadler now anticipates that the utilities provider will earn $0.04 per share for the quarter, down from their prior estimate of $0.05. Desjardins currently has a "Hold" rating and a $6.00 target price on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share.

Several other analysts have also weighed in on the stock. Raymond James Financial raised their price objective 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, June 4th. National Bank Financial raised shares of Algonquin Power & Utilities to a "hold" rating in a report on Sunday, June 8th. Wall Street Zen cut shares of Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. TD Securities raised shares of Algonquin Power & Utilities to a "hold" rating in a research note on Monday. Finally, Scotiabank increased their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating and twelve have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.31.

Algonquin Power & Utilities Price Performance

NYSE:AQN traded up $0.06 during mid-day trading on Monday, hitting $5.88. The company's stock had a trading volume of 2,552,161 shares, compared to its average volume of 10,613,918. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of -3.27 and a beta of 0.67. The stock has a fifty day moving average of $5.84 and a 200-day moving average of $5.35. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 1.22. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.24.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The utilities provider reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04. Algonquin Power & Utilities had a negative net margin of 57.66% and a positive return on equity of 4.76%. The business had revenue of $535.59 million during the quarter, compared to analyst estimates of $535.64 million. During the same quarter in the prior year, the business earned $0.09 earnings per share.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AQN. Nebula Research & Development LLC lifted its holdings in shares of Algonquin Power & Utilities by 14.6% during the 2nd quarter. Nebula Research & Development LLC now owns 235,283 shares of the utilities provider's stock worth $1,348,000 after acquiring an additional 29,897 shares during the period. Ariel Investments LLC lifted its holdings in shares of Algonquin Power & Utilities by 88.6% during the 2nd quarter. Ariel Investments LLC now owns 13,112,831 shares of the utilities provider's stock worth $75,137,000 after acquiring an additional 6,160,490 shares during the period. AXA S.A. bought a new position in Algonquin Power & Utilities in the 2nd quarter valued at approximately $462,000. Bank of Nova Scotia lifted its stake in Algonquin Power & Utilities by 4.6% in the 2nd quarter. Bank of Nova Scotia now owns 10,207,442 shares of the utilities provider's stock valued at $58,375,000 after purchasing an additional 445,707 shares during the last quarter. Finally, Callodine Capital Management LP lifted its stake in Algonquin Power & Utilities by 39.3% in the 2nd quarter. Callodine Capital Management LP now owns 4,840,969 shares of the utilities provider's stock valued at $27,739,000 after purchasing an additional 1,365,969 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 30th. Algonquin Power & Utilities's dividend payout ratio is presently -14.44%.

Algonquin Power & Utilities Company Profile

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.