Algonquin Power & Utilities Corp. (NYSE:AQN) Stock Has Consensus Price Target of $6.66 According to Analysts

Algonquin Power & Utilities Corp. (NYSE:AQN) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.66.

AQN has been the topic of several recent analyst reports. Huntington initiated coverage on shares of Algonquin Power & Utilities in a research note on Monday, September 14th. They issued an “outperform” rating and a $7.00 target price on the stock. Barclays reduced their price target on shares of Algonquin Power & Utilities from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, October 1st. TD set a $6.00 price target on shares of Algonquin Power & Utilities and gave the stock a “hold” rating in a report on Monday, August 31st. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, National Bank Financial set a $7.00 price objective on Algonquin Power & Utilities and gave the stock an “outperform” rating in a research report on Tuesday, September 1st.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently added to or reduced their stakes in AQN. Bank of Nova Scotia purchased a new stake in Algonquin Power & Utilities during the second quarter valued at about $46,703,000. Legal & General Group Plc bought a new stake in Algonquin Power & Utilities during the second quarter worth about $37,553,000. The Manufacturers Life Insurance Company bought a new stake in Algonquin Power & Utilities during the second quarter worth about $26,260,000. Bank of America Corp DE bought a new stake in Algonquin Power & Utilities during the second quarter worth about $21,608,000. Finally, Man Group plc purchased a new position in shares of Algonquin Power & Utilities in the 2nd quarter worth about $20,690,000. 62.28% of the stock is currently owned by institutional investors.

Algonquin Power & Utilities Trading Down 0.1%

Shares of Algonquin Power & Utilities stock opened at $5.41 on Wednesday. Algonquin Power & Utilities has a 12-month low of $4.91 and a 12-month high of $7.11. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 28.45 and a beta of 0.72. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $5.37 and its 200-day moving average price is $5.75.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $582.99 million during the quarter, compared to the consensus estimate of $582.99 million. Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. During the same quarter last year, the business posted $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. On average, equities analysts expect that Algonquin Power & Utilities 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 was paid on Thursday, October 15th. Investors of record on Tuesday, September 29th were given a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, September 29th. Algonquin Power & Utilities’s payout ratio is presently 136.84%.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company’s regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.