Desjardins Has Bullish Forecast for AQN FY2026 Earnings

Key Points

• Desjardins has raised its FY2026 earnings per share (EPS) estimate for Algonquin Power & Utilities to $0.36, with a price target of $6.25, maintaining a "Buy" rating.
• Consensus estimates predict current full-year earnings at $0.38 per share, while Desjardins also forecasts a FY2027 EPS of $0.44.
• The company recently declared a quarterly dividend of $0.065 per share, resulting in an annualized dividend yield of 4.5%.

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Stock analysts at Desjardins lifted their FY2026 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Tuesday, September 30th. Desjardins analyst B. Stadler now forecasts that the utilities provider will post earnings of $0.36 per share for the year, up from their previous forecast of $0.35. Desjardins has a "Buy" rating and a $6.25 price target 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' FY2027 earnings at $0.44 EPS.

A number of other analysts also recently weighed in on the company. National Bankshares downgraded Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 target price for the company. in a research report on Wednesday, June 4th. CIBC upped their target price on Algonquin Power & Utilities from $5.75 to $6.25 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Scotiabank upped their target price on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. TD Securities upgraded Algonquin Power & Utilities to a "hold" rating in a research report on Monday, August 11th. Finally, Raymond James Financial upped their target price on Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a "market perform" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.36.

Algonquin Power & Utilities Stock Performance

AQN opened at $5.73 on Thursday. The business has a fifty day simple moving average of $5.71 and a 200 day simple moving average of $5.57. The company has a market capitalization of $4.40 billion, a PE ratio of -3.18 and a beta of 0.72. Algonquin Power & Utilities has a 1 year low of $4.19 and a 1 year high of $6.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.09 and a quick ratio of 0.86.

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

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors have recently modified their holdings of the business. US Bancorp DE raised its holdings in shares of Algonquin Power & Utilities by 85.7% during the 1st quarter. US Bancorp DE now owns 4,887 shares of the utilities provider's stock worth $25,000 after buying an additional 2,256 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Algonquin Power & Utilities during the 1st quarter worth $31,000. Atria Wealth Solutions Inc. acquired a new position in Algonquin Power & Utilities in the 1st quarter worth about $51,000. Wedbush Securities Inc. acquired a new position in Algonquin Power & Utilities in the 2nd quarter worth about $58,000. Finally, Sowell Financial Services LLC acquired a new position in Algonquin Power & Utilities in the 1st quarter worth about $59,000. Institutional investors and hedge funds own 62.28% of the company's stock.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.5%. Algonquin Power & Utilities's payout ratio is -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.

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