Desjardins Issues Positive Forecast for AQN Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Analysts at Desjardins raised their Q2 2025 EPS estimates for shares of Algonquin Power & Utilities in a research note issued to investors on Wednesday, June 4th. Desjardins analyst B. Stadler now anticipates that the utilities provider will earn $0.05 per share for the quarter, up from their prior forecast of $0.04. Desjardins has a "Hold" rating and a $6.00 price objective on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. Desjardins also issued estimates for Algonquin Power & Utilities' FY2025 earnings at $0.30 EPS, FY2026 earnings at $0.35 EPS and FY2027 earnings at $0.42 EPS.

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

AQN has been the topic of several other research reports. Scotiabank increased their price target on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research report on Wednesday. National Bank Financial lowered shares of Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price objective on the stock. in a research note on Wednesday. TD Securities increased their price objective on shares of Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "hold" rating in a research note on Wednesday. CIBC increased their price objective on shares of Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, National Bankshares lowered shares of Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price objective on the stock. in a research note on Wednesday. One analyst has rated the stock with a sell rating and twelve have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $6.31.

Algonquin Power & Utilities Stock Up 0.3%

Shares of AQN stock traded up $0.02 during trading hours on Friday, hitting $5.86. 13,506,799 shares of the company were exchanged, compared to its average volume of 8,576,460. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. Algonquin Power & Utilities has a one year low of $4.19 and a one year high of $6.36. The business's 50-day simple moving average is $5.38 and its two-hundred day simple moving average is $4.93. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -4.54 and a beta of 0.67.

Institutional Investors Weigh In On Algonquin Power & Utilities

Several large investors have recently made changes to their positions in AQN. Barclays PLC increased its stake in shares of Algonquin Power & Utilities by 33.2% in the third quarter. Barclays PLC now owns 829,508 shares of the utilities provider's stock valued at $4,522,000 after purchasing an additional 206,603 shares during the period. Tallon Kerry Patrick acquired a new position in shares of Algonquin Power & Utilities during the fourth quarter valued at approximately $141,000. Spire Wealth Management increased its stake in shares of Algonquin Power & Utilities by 149.6% during the fourth quarter. Spire Wealth Management now owns 17,000 shares of the utilities provider's stock valued at $76,000 after acquiring an additional 10,190 shares during the period. Private Management Group Inc. increased its stake in shares of Algonquin Power & Utilities by 161.2% during the fourth quarter. Private Management Group Inc. now owns 5,924,983 shares of the utilities provider's stock valued at $26,366,000 after acquiring an additional 3,656,840 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Algonquin Power & Utilities by 4.1% during the fourth quarter. Van ECK Associates Corp now owns 221,307 shares of the utilities provider's stock valued at $982,000 after acquiring an additional 8,620 shares during the period. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.065 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.26 annualized dividend and a dividend yield of 4.44%. Algonquin Power & Utilities's payout ratio is currently -16.77%.

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.