Algonquin Power & Utilities Corp. (AQN) – What Are Researchers Thinking About This Stock?

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.43.

Several equities research analysts recently commented on AQN shares. BMO Capital Markets decreased their price objective on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “market perform” rating on the stock in a research report on Monday, November 9th. National Bank Financial reduced their price target on shares of Algonquin Power & Utilities from $7.00 to $6.50 and set an “outperform” rating on the stock in a report on Monday, November 9th. Canadian Imperial Bank of Commerce lowered their price target on shares of Algonquin Power & Utilities from $6.00 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th. Weiss Ratings cut shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, TD set a $6.00 price objective on Algonquin Power & Utilities and gave the stock a “hold” rating in a research report on Monday, August 31st.

Algonquin Power & Utilities Price Performance

AQN traded up $0.07 on Friday, hitting $5.59. 3,873,794 shares of the company were exchanged, compared to its average volume of 4,152,434. The business’s fifty day moving average is $5.32 and its 200 day moving average is $5.91. Algonquin Power & Utilities has a fifty-two week low of $4.91 and a fifty-two week high of $7.11. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.69 and a current ratio of 0.95. The firm has a market capitalization of $4.31 billion, a P/E ratio of 26.64 and a beta of 0.73.

Algonquin Power & Utilities (NYSE:AQN) last posted its earnings results on Friday, November 6th. The utilities provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Algonquin Power & Utilities had a return on equity of 5.58% and a net margin of 6.44%. The company had revenue of $642.50 million for the quarter, compared to the consensus estimate of $647.20 million. 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. As a group, sell-side analysts anticipate that Algonquin Power & Utilities will post 0.36 EPS for the current year.

Algonquin Power & Utilities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.0650 per share. This represents a $0.26 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Thursday, December 31st. Algonquin Power & Utilities’s dividend payout ratio is 123.81%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several hedge funds have recently bought and sold shares of AQN. Jump Financial LLC purchased a new stake in shares of Algonquin Power & Utilities in the third quarter valued at $3,029,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Algonquin Power & Utilities by 2.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 349,295 shares of the utilities provider’s stock valued at $1,757,000 after acquiring an additional 7,350 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Algonquin Power & Utilities by 1.1% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,723,436 shares of the utilities provider’s stock valued at $68,952,000 after acquiring an additional 147,209 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Algonquin Power & Utilities by 15.7% during the third quarter. First Trust Advisors LP now owns 6,394,713 shares of the utilities provider’s stock valued at $32,165,000 after acquiring an additional 869,430 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in Algonquin Power & Utilities during the 3rd quarter worth about $71,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a Canadian utility company whose regulated businesses provide electricity, natural gas, water and wastewater services to customers in the United States and Canada. Many of its utility operations serve customers under the Liberty brand. The company has historically combined utility services with renewable power generation. Following the sale of its renewable energy business, Algonquin shifted its focus toward its regulated utility operations and the infrastructure needed to deliver essential services.