Algonquin Power & Utilities Corp. (NYSE:AQN) Receives Average Rating of “Hold” from Brokerages

Algonquin Power & Utilities Corp. (NYSE:AQN) has received an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.6818.

Several research firms have issued reports on AQN. Raymond James Financial upgraded shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $6.50 to $7.25 in a research note on Monday, March 9th. TD Cowen lowered their target price on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. Wall Street Zen cut shares of Algonquin Power & Utilities from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Desjardins lowered their target price on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Finally, National Bank Financial lowered their target price on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating on the stock in a research note on Monday, March 9th.

Algonquin Power & Utilities Stock Performance

NYSE AQN opened at $6.34 on Wednesday. Algonquin Power & Utilities has a 1 year low of $5.32 and a 1 year high of $7.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.82. The stock has a market capitalization of $4.88 billion, a PE ratio of 27.55 and a beta of 0.74. The company’s 50 day simple moving average is $6.39 and its two-hundred day simple moving average is $6.26.

Algonquin Power & Utilities (NYSE:AQN) last posted its earnings results on Friday, March 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. The business had revenue of $630.70 million for the quarter, compared to analysts’ expectations of $625.77 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. 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. Analysts predict that Algonquin Power & Utilities will post 0.36 earnings per share for the current fiscal year.

Algonquin Power & Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.1%. Algonquin Power & Utilities’s dividend payout ratio is presently 113.04%.

Hedge Funds Weigh In On Algonquin Power & Utilities

A number of institutional investors have recently made changes to their positions in AQN. EdgePoint Investment Group Inc. increased its holdings in shares of Algonquin Power & Utilities by 32.6% in the 4th quarter. EdgePoint Investment Group Inc. now owns 81,727,385 shares of the utilities provider’s stock worth $502,563,000 after buying an additional 20,074,709 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Algonquin Power & Utilities in the 4th quarter worth $74,263,000. Norges Bank bought a new position in shares of Algonquin Power & Utilities in the 4th quarter worth $67,065,000. Goldman Sachs Group Inc. increased its holdings in shares of Algonquin Power & Utilities by 65.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after buying an additional 4,808,539 shares during the last quarter. Finally, Packer & Co Ltd bought a new position in shares of Algonquin Power & Utilities in the 3rd quarter worth $24,235,000. Institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.