Equities Analysts Issue Forecasts for AQN FY2025 Earnings

Algonquin Power & Utilities Corp. (NYSE:AQN) – Analysts at Scotiabank decreased their FY2025 EPS estimates for Algonquin Power & Utilities in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst R. Hope now expects that the utilities provider will post earnings of $0.26 per share for the year, down from their previous forecast of $0.28. Scotiabank has a “Sector Perform” rating and a $5.50 price objective on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share. Scotiabank also issued estimates for Algonquin Power & Utilities’ FY2026 earnings at $0.33 EPS.

Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Friday, March 7th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). Algonquin Power & Utilities had a positive return on equity of 5.22% and a negative net margin of 39.12%. The business had revenue of $584.80 million during the quarter, compared to the consensus estimate of $644.73 million.

Several other research firms have also weighed in on AQN. National Bankshares reduced their target price 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. Royal Bank of Canada reduced their price objective on shares of Algonquin Power & Utilities from $6.00 to $5.50 and set a “sector perform” rating for the company in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Algonquin Power & Utilities in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.94.

Algonquin Power & Utilities Stock Performance

AQN opened at $5.15 on Monday. 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 company has a market cap of $3.95 billion, a PE ratio of -3.99 and a beta of 0.71. The stock has a 50-day moving average of $4.71 and a 200-day moving average of $4.83. Algonquin Power & Utilities has a 52-week low of $4.19 and a 52-week high of $6.79.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, March 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently -14.44%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several large investors have recently added to or reduced their stakes in the company. Capstone Investment Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities during the 3rd quarter worth approximately $58,000. Walleye Capital LLC bought a new position in Algonquin Power & Utilities in the third quarter worth $59,000. SVB Wealth LLC acquired a new stake in Algonquin Power & Utilities during the fourth quarter worth $49,000. Avantax Advisory Services Inc. bought a new stake in Algonquin Power & Utilities in the 4th quarter valued at $58,000. Finally, Raymond James Trust N.A. increased its holdings in Algonquin Power & Utilities by 33.4% in the 3rd quarter. Raymond James Trust N.A. now owns 13,343 shares of the utilities provider’s stock valued at $73,000 after buying an additional 3,343 shares during the period. Institutional investors and hedge funds 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.