Research Analysts Issue Forecasts for AQN FY2027 Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for Algonquin Power & Utilities to $0.42 from $0.41, above the current full-year consensus estimate of $0.35 and within the company’s $0.38–$0.42 guidance range.
• Algonquin reported quarterly EPS of $0.04, missing the $0.05 consensus estimate, while revenue of $582.99 million matched expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $6.81.
• Shares opened at $5.82, and the company declared a quarterly dividend of $0.065 per share, representing a 4.5% annualized yield; institutional investors own 62.28% of the stock.

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Equities research analysts at Scotiabank boosted their FY2027 EPS estimates for shares of Algonquin Power & Utilities in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst R. Hope now expects that the utilities provider will post earnings of $0.42 per share for the year, up from their prior estimate of $0.41. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.35 per share.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.04 EPS 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 company had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. During the same period in the previous year, the business earned $0.04 earnings per share. 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.

A number of other equities analysts have also commented on the stock. National Bank Financial cut their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating for the company in a research report on Friday, July 3rd. Wells Fargo & Company began coverage on shares of Algonquin Power & Utilities in a report on Tuesday, May 12th. They issued an "equal weight" rating and a $7.00 price target on the stock. Finally, Weiss Ratings cut Algonquin Power & Utilities from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, Algonquin Power & Utilities has a consensus rating of "Moderate Buy" and an average target price of $6.81.

Algonquin Power & Utilities Price Performance

Shares of NYSE AQN opened at $5.82 on Friday. 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 has a market cap of $4.48 billion, a P/E ratio of 30.63 and a beta of 0.70. Algonquin Power & Utilities has a 52 week low of $5.32 and a 52 week high of $7.11. The business has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $6.13.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several institutional investors and hedge funds have recently made changes to their positions in AQN. Susquehanna International Group LLP lifted its stake in Algonquin Power & Utilities by 14.7% in the second quarter. Susquehanna International Group LLP now owns 223,430 shares of the utilities provider's stock worth $1,309,000 after purchasing an additional 28,576 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in Algonquin Power & Utilities by 78.4% during the 2nd quarter. Two Sigma Securities LLC now owns 73,946 shares of the utilities provider's stock valued at $433,000 after acquiring an additional 32,503 shares during the period. Van ECK Associates Corp boosted its holdings in Algonquin Power & Utilities by 9.0% during the 2nd quarter. Van ECK Associates Corp now owns 327,910 shares of the utilities provider's stock valued at $1,926,000 after acquiring an additional 26,967 shares during the period. Glenview Trust Co bought a new position in Algonquin Power & Utilities during the 2nd quarter worth approximately $137,000. Finally, Equitable Holdings Inc. purchased a new position in Algonquin Power & Utilities in the 2nd quarter worth approximately $100,000. Institutional investors own 62.28% of the company's stock.

Algonquin Power & Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.26 annualized dividend and a dividend yield of 4.5%. Algonquin Power & Utilities's dividend payout ratio (DPR) is 136.84%.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp NYSE: AQN is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company's renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.

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