Algonquin Power & Utilities (NYSE:AQN) Hits New 52-Week Low - What's Next?

Key Points

• Algonquin Power & Utilities shares hit a new 52-week low of $5.30 and closed around $5.34, below both its 50-day and 200-day moving averages.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $6.72; targets cited range from $6.00 to $7.00.
• The company reported quarterly EPS of $0.04, slightly below expectations, while maintaining a quarterly dividend of $0.065 per share, representing a 4.9% yield but a high 136.84% payout ratio.

Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $5.30 and last traded at $5.3350, with a volume of 2880328 shares changing hands. The stock had previously closed at $5.43.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD set a $6.00 price target on Algonquin Power & Utilities and gave the company a "hold" rating in a research report on Monday, August 31st. National Bank Financial set a $7.00 target price on Algonquin Power & Utilities and gave the company an "outperform" rating in a report on Tuesday, September 1st. Finally, Weiss Ratings downgraded Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Algonquin Power & Utilities presently has an average rating of "Moderate Buy" and a consensus price target of $6.72.

Algonquin Power & Utilities Stock Down 1.9%

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company's fifty day simple moving average is $5.76 and its 200 day simple moving average is $6.03. The firm has a market capitalization of $4.10 billion, a PE ratio of 28.03 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%.The firm had revenue of $582.99 million for the quarter, compared to analysts' expectations of $582.99 million. During the same quarter last year, the company posted $0.04 EPS. 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. Analysts anticipate that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities's payout ratio is 136.84%.

Institutional Trading of Algonquin Power & Utilities

A number of large investors have recently made changes to their positions in the stock. Public Sector Pension Investment Board increased its stake in shares of Algonquin Power & Utilities by 2.5% during the second quarter. Public Sector Pension Investment Board now owns 74,271 shares of the utilities provider's stock valued at $424,000 after buying an additional 1,800 shares during the period. Assetmark Inc. lifted its stake in Algonquin Power & Utilities by 9.4% in the first quarter. Assetmark Inc. now owns 22,141 shares of the utilities provider's stock worth $136,000 after acquiring an additional 1,895 shares during the period. Bank of New York Mellon Corp grew its holdings in Algonquin Power & Utilities by 13.1% during the 1st quarter. Bank of New York Mellon Corp now owns 17,334 shares of the utilities provider's stock worth $106,000 after acquiring an additional 2,010 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Algonquin Power & Utilities by 5.7% during the fourth quarter. LPL Financial LLC now owns 37,364 shares of the utilities provider's stock valued at $230,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC raised its stake in Algonquin Power & Utilities by 9.4% in the fourth quarter. Infrastructure Capital Advisors LLC now owns 26,642 shares of the utilities provider's stock worth $164,000 after buying an additional 2,296 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a North American utility and renewable energy company headquartered in Oakville, Ontario. Through its Liberty operating businesses, the company has provided regulated electricity, natural gas, water and wastewater services to residential, commercial and industrial customers.

Algonquin has historically operated regulated utility systems in the United States and Canada, with activities including electricity distribution and transmission, natural gas distribution, and water and wastewater utilities.

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