Algonquin Power & Utilities (NYSE:AQN) Updates FY 2025 Earnings Guidance

Algonquin Power & Utilities (NYSE:AQN) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.300-0.320 for the period, compared to the consensus estimate of 0.300. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.

Wall Street Analysts Forecast Growth

AQN has been the subject of several recent research reports. BMO Capital Markets restated a “market perform” rating and issued a $6.00 price target (up from $5.00) on shares of Algonquin Power & Utilities in a research report on Monday, May 12th. CIBC cut their price target on Algonquin Power & Utilities from $5.50 to $5.25 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. National Bankshares decreased their price target on Algonquin Power & Utilities from $6.75 to $6.25 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Wall Street Zen cut shares of Algonquin Power & Utilities from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Royal Bank of Canada boosted their price target on Algonquin Power & Utilities from $5.50 to $6.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Algonquin Power & Utilities has an average rating of “Hold” and a consensus target price of $6.03.

Algonquin Power & Utilities Price Performance

Shares of NYSE:AQN opened at $5.72 on Tuesday. The company has a market capitalization of $4.39 billion, a PE ratio of -4.36 and a beta of 0.67. Algonquin Power & Utilities has a one year low of $4.19 and a one year high of $6.37. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.92. The stock has a fifty day moving average of $5.31 and a 200-day moving average of $4.89.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, May 9th. The utilities provider reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $692.40 million during the quarter, compared to analysts’ expectations of $699.08 million. Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. During the same period last year, the business earned $0.14 earnings per share. As a group, equities analysts anticipate that Algonquin Power & Utilities will post 0.38 EPS for the current fiscal year.

Algonquin Power & Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Monday, June 30th. Algonquin Power & Utilities’s dividend payout ratio is currently -15.48%.

Institutional Trading of Algonquin Power & Utilities

An institutional investor recently raised its position in Algonquin Power & Utilities stock. Goldman Sachs Group Inc. increased its stake in shares of Algonquin Power & Utilities Corp. (NYSE:AQN) by 65.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,205,756 shares of the utilities provider’s stock after buying an additional 4,808,539 shares during the period. Goldman Sachs Group Inc. owned about 1.59% of Algonquin Power & Utilities worth $62,738,000 as of its most recent SEC filing. 62.28% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

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.