Scotiabank Has Positive Outlook for AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Analysts at Scotiabank increased their FY2025 earnings per share estimates for Algonquin Power & Utilities in a research report issued to clients and investors on Monday, June 9th. Scotiabank analyst R. Hope now expects that the utilities provider will post earnings per share of $0.31 for the year, up from their previous estimate of $0.29. Scotiabank currently has a "Sector Perform" rating and a $6.50 price objective on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. Scotiabank also issued estimates for Algonquin Power & Utilities' FY2026 earnings at $0.36 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.05. The firm had revenue of $692.40 million for the quarter, compared to analysts' expectations of $699.08 million. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. During the same quarter in the previous year, the firm posted $0.14 EPS.

Several other equities analysts have also recently issued reports on AQN. National Bankshares cut Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price target on the stock. in a research report on Wednesday, June 4th. Desjardins boosted their price target on Algonquin Power & Utilities from $4.75 to $6.00 and gave the company a "hold" rating in a research report on Wednesday, June 4th. Raymond James boosted their price target 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. CIBC boosted their price target 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. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Algonquin Power & Utilities in a report on Monday, May 12th. One investment analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.31.

Algonquin Power & Utilities Stock Performance

AQN stock traded down $0.06 during trading on Wednesday, hitting $5.85. The company had a trading volume of 6,728,365 shares, compared to its average volume of 8,585,770. The firm has a market cap of $4.49 billion, a PE ratio of -4.53 and a beta of 0.67. Algonquin Power & Utilities has a 1-year low of $4.19 and a 1-year high of $6.36. The firm has a 50-day moving average price of $5.47 and a 200-day moving average price of $4.96. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.17.

Algonquin Power & Utilities Announces Dividend

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

Institutional Investors Weigh In On Algonquin Power & Utilities

Institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its stake 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 acquiring an additional 2,256 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Algonquin Power & Utilities during the 1st quarter worth approximately $31,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Algonquin Power & Utilities during the 1st quarter worth approximately $51,000. SVB Wealth LLC purchased a new stake in shares of Algonquin Power & Utilities during the 4th quarter worth approximately $49,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Algonquin Power & Utilities during the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 62.28% of the company's stock.

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.