National Bank Financial Weighs in on AQN FY2027 Earnings

Key Points

• National Bank Financial has set a FY2027 earnings per share (EPS) estimate of $0.43 for Algonquin Power & Utilities, maintaining a "Hold" rating on the stock.
• Algonquin Power & Utilities has received multiple price target upgrades, with Royal Bank of Canada raising theirs from $6.00 to $6.50 on June 4th.
• The company announced a quarterly dividend of $0.065, representing an annualized payout of $0.26 and a yield of 4.31%.

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Research analysts at National Bank Financial issued their FY2027 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a report released on Tuesday, July 22nd. National Bank Financial analyst B. Sidhu expects that the utilities provider will post earnings of $0.43 per share for the year. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share.

AQN has been the topic of several other research reports. Royal Bank Of Canada boosted their price target on Algonquin Power & Utilities from $6.00 to $6.50 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. CIBC lifted their price objective on Algonquin Power & Utilities from $5.75 to $6.25 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. BMO Capital Markets reiterated a "market perform" rating and set a $6.00 target price (up previously from $5.00) on shares of Algonquin Power & Utilities in a report on Monday, May 12th. Desjardins upped their price objective 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. Finally, National Bankshares cut 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, June 4th. One investment analyst has rated the stock with a sell rating and twelve have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Algonquin Power & Utilities currently has a consensus rating of "Hold" and a consensus price target of $6.31.

Algonquin Power & Utilities Stock Performance

NYSE:AQN opened at $6.04 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.16 and a debt-to-equity ratio of 1.21. The firm's fifty day simple moving average is $5.76 and its 200-day simple moving average is $5.21. Algonquin Power & Utilities has a fifty-two week low of $4.19 and a fifty-two week high of $6.36. The stock has a market cap of $4.63 billion, a PE ratio of -3.89 and a beta of 0.69.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The utilities provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $692.40 million for the quarter, compared to analyst estimates of $699.08 million. Algonquin Power & Utilities had a positive return on equity of 4.74% and a negative net margin of 48.78%. During the same quarter in the prior year, the company posted $0.14 earnings per share.

Algonquin Power & Utilities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.065 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.31%. Algonquin Power & Utilities's dividend payout ratio (DPR) is -16.77%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Hennessy Advisors Inc. increased its holdings in Algonquin Power & Utilities by 46.1% during the 2nd quarter. Hennessy Advisors Inc. now owns 166,064 shares of the utilities provider's stock worth $952,000 after purchasing an additional 52,400 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Algonquin Power & Utilities by 59.9% during the second quarter. Public Employees Retirement System of Ohio now owns 2,066,247 shares of the utilities provider's stock valued at $11,834,000 after buying an additional 774,061 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Algonquin Power & Utilities by 10.6% during the 2nd quarter. Ballentine Partners LLC now owns 23,484 shares of the utilities provider's stock worth $135,000 after buying an additional 2,242 shares during the last quarter. Value Partners Investments Inc. grew its position in shares of Algonquin Power & Utilities by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 47,983 shares of the utilities provider's stock worth $274,000 after acquiring an additional 10,020 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Algonquin Power & Utilities by 65.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider's stock valued at $62,738,000 after acquiring an additional 4,808,539 shares in the last quarter. 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.

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