Raymond James Weighs in on Algonquin Power & Utilities Corp.'s Q1 2025 Earnings (NYSE:AQN)

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Raymond James issued their Q1 2025 earnings estimates for Algonquin Power & Utilities in a research note issued on Thursday, April 25th. Raymond James analyst D. Quezada anticipates that the utilities provider will post earnings per share of $0.14 for the quarter. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.49 per share. Raymond James also issued estimates for Algonquin Power & Utilities' Q2 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.56 EPS.

A number of other equities research analysts also recently issued reports on the stock. Scotiabank reduced their price target on shares of Algonquin Power & Utilities from $7.50 to $6.50 and set a "sector perform" rating for the company in a research report on Monday. BMO Capital Markets upgraded shares of Algonquin Power & Utilities from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $7.00 to $7.50 in a research report on Monday, January 8th. National Bankshares reduced their price target on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set a "sector perform" rating for the company in a research report on Tuesday, January 9th. Desjardins upgraded shares of Algonquin Power & Utilities from a "sell" rating to a "hold" rating and lifted their price target for the company from $4.75 to $5.75 in a research report on Monday, March 11th. Finally, StockNews.com upgraded shares of Algonquin Power & Utilities to a "sell" rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Algonquin Power & Utilities presently has an average rating of "Hold" and a consensus price target of $7.67.

Algonquin Power & Utilities Price Performance

Shares of AQN stock traded down $0.05 during midday trading on Friday, reaching $6.12. 4,115,211 shares of the company traded hands, compared to its average volume of 4,781,772. The firm's 50 day simple moving average is $6.05 and its two-hundred day simple moving average is $5.99. Algonquin Power & Utilities has a 1-year low of $4.90 and a 1-year high of $9.14. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.63 and a quick ratio of 0.50. The firm has a market cap of $4.22 billion, a PE ratio of 205.33 and a beta of 0.66.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The utilities provider reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $666.90 million during the quarter, compared to the consensus estimate of $661.73 million. Algonquin Power & Utilities had a net margin of 1.06% and a return on equity of 5.64%. The firm's revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 earnings per share.

Algonquin Power & Utilities Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.1085 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.43 annualized dividend and a yield of 7.09%. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently 1,433.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Krilogy Financial LLC raised its holdings in Algonquin Power & Utilities by 38.8% in the 1st quarter. Krilogy Financial LLC now owns 705,200 shares of the utilities provider's stock valued at $4,457,000 after acquiring an additional 197,200 shares during the last quarter. Verity & Verity LLC acquired a new position in Algonquin Power & Utilities in the 1st quarter valued at $115,000. PFG Investments LLC raised its holdings in Algonquin Power & Utilities by 71.3% in the 1st quarter. PFG Investments LLC now owns 63,371 shares of the utilities provider's stock valued at $401,000 after acquiring an additional 26,369 shares during the last quarter. Alpha Omega Wealth Management LLC raised its holdings in Algonquin Power & Utilities by 8.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 592,430 shares of the utilities provider's stock valued at $3,744,000 after acquiring an additional 44,714 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new position in Algonquin Power & Utilities in the 1st quarter valued at $169,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.