Equities Analysts Issue Forecasts for AQN FY2026 Earnings

Key Points

• Huntington forecast Algonquin Power & Utilities will earn $0.36 per share in FY2026, rising to $0.39 in 2027 and $0.44 in 2028; it reiterated an Outperform rating and a $7 price target.
• In its latest quarter, the utility reported EPS of $0.11, topping the $0.10 consensus, but revenue of $642.5 million fell short of the $647.2 million estimate. Management guided to FY2026 EPS of $0.35–$0.37 and FY2027 EPS of $0.38–$0.42.
• Analyst views are mixed: the consensus rating is Hold with a $6.43 average price target, while BMO and National Bank Financial recently lowered their targets. Algonquin also announced a quarterly dividend of $0.065 per share, a 4.6% annualized yield.

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Investment analysts at Huntington issued their FY2026 EPS estimates for shares of Algonquin Power & Utilities in a research note issued on Monday, November 9th. Huntington analyst M. Gaugler expects that the utilities provider will earn $0.36 per share for the year. Huntington currently has an "Outperform" rating and a $7.00 target price on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.36 per share. Huntington also issued estimates for Algonquin Power & Utilities' Q4 2026 earnings at $0.09 EPS, Q1 2027 earnings at $0.13 EPS, Q2 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.09 EPS, Q4 2027 earnings at $0.11 EPS, FY2027 earnings at $0.39 EPS, Q1 2028 earnings at $0.14 EPS, Q2 2028 earnings at $0.06 EPS, Q3 2028 earnings at $0.11 EPS and FY2028 earnings at $0.44 EPS.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The firm had revenue of $642.50 million for the quarter, compared to analyst estimates of $647.20 million. Algonquin Power & Utilities had a net margin of 6.44% and a return on equity of 5.58%. 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.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets cut their target price on Algonquin Power & Utilities from $6.50 to $6.00 and set a "market perform" rating for the company in a research note on Monday. TD set a $6.00 price target on Algonquin Power & Utilities and gave the company a "hold" rating in a research note on Monday, August 31st. Weiss Ratings cut Algonquin Power & Utilities from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, October 8th. Raymond James Financial lowered their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a report on Monday. Finally, National Bank Financial cut their price objective on Algonquin Power & Utilities from $7.00 to $6.50 and set an "outperform" rating for the company in a research report on Monday. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $6.43.

Algonquin Power & Utilities Trading Down 0.6%

Shares of Algonquin Power & Utilities stock opened at $5.62 on Wednesday. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 26.79 and a beta of 0.73. Algonquin Power & Utilities has a fifty-two week low of $4.91 and a fifty-two week high of $7.11. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.69 and a current ratio of 0.95. The stock has a 50 day moving average of $5.32 and a 200 day moving average of $5.93.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of hedge funds have recently made changes to their positions in AQN. Public Sector Pension Investment Board increased its holdings in Algonquin Power & Utilities by 6.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 45,843 shares of the utilities provider's stock valued at $235,000 after purchasing an additional 2,800 shares during the last quarter. Phoenix Financial Ltd. purchased a new stake in Algonquin Power & Utilities in the third quarter valued at approximately $106,000. Russell Investments Group Ltd. lifted its stake in Algonquin Power & Utilities by 17.5% during the third quarter. Russell Investments Group Ltd. now owns 5,522,032 shares of the utilities provider's stock worth $27,809,000 after purchasing an additional 821,526 shares in the last quarter. Private Management Group Inc. lifted its stake in Algonquin Power & Utilities by 8.1% during the third quarter. Private Management Group Inc. now owns 6,786,610 shares of the utilities provider's stock worth $34,137,000 after purchasing an additional 510,797 shares in the last quarter. Finally, Ethic Inc. acquired a new position in Algonquin Power & Utilities during the third quarter worth $59,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a $0.0650 dividend. This represents a $0.26 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Thursday, December 31st. Algonquin Power & Utilities's dividend payout ratio is currently 123.81%.

Trending Headlines about Algonquin Power & Utilities

Here are the key news stories impacting Algonquin Power & Utilities this week:

• Positive Sentiment: Huntington reiterated an Outperform rating with a $7.00 price target. Its estimates point to EPS of $0.39 in 2027 and $0.44 in 2028, suggesting expected earnings growth beyond its $0.36 2026 forecast. Algonquin Power & Utilities analyst estimates
• Neutral Sentiment: A utilities-stock roundup also included AQN among stocks analysts view favorably, though the article details provided no specific new rating or price target. Analysts Are Bullish on Top Utilities Stocks
• Negative Sentiment: BMO Capital Markets cut its target to $6.00 from $6.50 and maintained a Market Perform rating, while National Bank Financial lowered its target to $6.50 from $7.00 but kept its Outperform rating. The target reductions could weigh on sentiment despite both targets remaining above the recent share price. BMO Capital Markets Lowers Expectations National Bank Financial Issues Forecast

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian utility company whose regulated businesses provide electricity, natural gas, water and wastewater services to customers in the United States and Canada. Many of its utility operations serve customers under the Liberty brand. The company has historically combined utility services with renewable power generation. Following the sale of its renewable energy business, Algonquin shifted its focus toward its regulated utility operations and the infrastructure needed to deliver essential services.

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