National Bank Financial Has Negative View of AQN Q2 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Research analysts at National Bank Financial lowered their Q2 2025 earnings per share estimates for Algonquin Power & Utilities in a note issued to investors on Tuesday, June 3rd. National Bank Financial analyst R. Merer now forecasts that the utilities provider will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.05. National Bank Financial currently has a "Sector Perform" rating and a $6.75 price target on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share. National Bank Financial also issued estimates for Algonquin Power & Utilities' Q3 2025 earnings at $0.08 EPS and Q4 2025 earnings at $0.07 EPS.

Several other brokerages have also recently commented on AQN. CIBC increased 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. Royal Bank of Canada increased their price objective on Algonquin Power & Utilities from $6.00 to $6.50 and gave the company a "sector perform" rating in a report on Wednesday. Wall Street Zen downgraded shares of Algonquin Power & Utilities from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Raymond James increased their price target on shares of Algonquin Power & Utilities from $5.00 to $6.00 and gave the company a "market perform" rating in a research note on Wednesday. Finally, National Bankshares downgraded shares of Algonquin Power & Utilities from an "outperform" rating to a "sector perform" rating and set a $6.75 price objective for the company. in a research report on Wednesday. One analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. Based on data from MarketBeat, Algonquin Power & Utilities currently has an average rating of "Hold" and a consensus target price of $6.31.

Algonquin Power & Utilities Stock Up 0.3%

Shares of Algonquin Power & Utilities stock traded up $0.02 during trading hours on Thursday, reaching $5.86. 13,506,799 shares of the company's stock were exchanged, compared to its average volume of 8,564,377. The stock has a market cap of $4.50 billion, a P/E ratio of -4.54 and a beta of 0.67. The company has a 50 day moving average of $5.36 and a two-hundred day moving average of $4.92. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.36.

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

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.065 per share. The ex-dividend date is Monday, June 30th. This represents a $0.26 annualized dividend and a yield of 4.44%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -15.48%.

Institutional Investors Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its holdings in Algonquin Power & Utilities by 84.9% during the 1st quarter. EdgePoint Investment Group Inc. now owns 42,223,594 shares of the utilities provider's stock worth $216,868,000 after purchasing an additional 19,392,805 shares during the last quarter. FIL Ltd increased its position in Algonquin Power & Utilities by 85.6% during the 4th quarter. FIL Ltd now owns 40,886,793 shares of the utilities provider's stock worth $181,473,000 after buying an additional 18,857,515 shares during the period. Southpoint Capital Advisors LP acquired a new stake in shares of Algonquin Power & Utilities during the first quarter worth $51,400,000. Norges Bank acquired a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth $31,508,000. Finally, Ariel Investments LLC bought a new stake in shares of Algonquin Power & Utilities in the first quarter valued at about $35,735,000. 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.