What is Desjardins' Estimate for AQN FY2025 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN - Free Report) - Analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Algonquin Power & Utilities in a note issued to investors on Sunday, May 11th. Desjardins analyst B. Stadler now anticipates that the utilities provider will earn $0.27 per share for the year, up from their previous estimate of $0.26. The consensus estimate for Algonquin Power & Utilities' current full-year earnings is $0.38 per share.

Several other brokerages have also weighed in on AQN. Scotiabank increased their price objective on Algonquin Power & Utilities from $5.50 to $6.00 and gave the stock a "sector perform" rating in a research report on Monday. StockNews.com raised shares of Algonquin Power & Utilities from a "sell" rating to a "hold" rating in a research note on Tuesday. Royal Bank of Canada increased their price target on Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a "sector perform" rating in a research report on Monday. BMO Capital Markets reaffirmed a "market perform" rating and set a $6.00 price objective (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday. Finally, National Bankshares lowered their price target on Algonquin Power & Utilities from $6.75 to $6.25 and set an "outperform" rating for the company in a report on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Algonquin Power & Utilities presently has an average rating of "Hold" and a consensus target price of $6.03.

Algonquin Power & Utilities Price Performance

Shares of AQN stock opened at $5.60 on Wednesday. The firm's 50-day moving average is $5.17 and its two-hundred day moving average is $4.83. Algonquin Power & Utilities has a 12 month low of $4.19 and a 12 month high of $6.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.92 and a quick ratio of 0.73. The company has a market capitalization of $4.30 billion, a PE ratio of -4.34 and a beta of 0.67.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last released 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. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The company had revenue of $692.40 million for the quarter, compared to analyst estimates of $699.08 million. During the same quarter in the previous year, the company posted $0.14 earnings per share.

Algonquin Power & Utilities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 4.64%. The ex-dividend date is Monday, June 30th. Algonquin Power & Utilities's dividend payout ratio (DPR) is presently -15.48%.

Institutional Investors Weigh In On Algonquin Power & Utilities

Several large investors have recently modified their holdings of AQN. Krilogy Financial LLC lifted its holdings in shares of Algonquin Power & Utilities by 116.7% in the 4th quarter. Krilogy Financial LLC now owns 1,621,045 shares of the utilities provider's stock valued at $7,214,000 after buying an additional 873,045 shares during the period. Vanguard Group Inc. raised its holdings in shares of Algonquin Power & Utilities by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 31,510,928 shares of the utilities provider's stock worth $139,845,000 after acquiring an additional 544,198 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in Algonquin Power & Utilities by 25.0% in the 4th quarter. Manning & Napier Advisors LLC now owns 1,250,000 shares of the utilities provider's stock valued at $5,562,000 after purchasing an additional 250,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Algonquin Power & Utilities by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,303,614 shares of the utilities provider's stock valued at $10,219,000 after buying an additional 92,373 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Algonquin Power & Utilities by 33.2% during the third quarter. Barclays PLC now owns 829,508 shares of the utilities provider's stock worth $4,522,000 after purchasing an additional 206,603 shares during 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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