Algonquin Power & Utilities (NYSE:AQN) Issues Quarterly Earnings Results

Algonquin Power & Utilities (NYSE:AQN) issued its quarterly earnings data on Friday. The utilities provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02, Zacks reports. The firm had revenue of $713.69 million for the quarter, compared to analysts’ expectations of $713.69 million. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.47%. During the same period in the prior year, the firm earned $0.14 earnings per share.

Here are the key takeaways from Algonquin Power & Utilities’ conference call:

• Company reported multiple regulatory wins, including a New England Gas settlement and a CPUC-approved CalPeco Electric decision that yields $48.6 million in annualized revenues and $60.7 million of retroactive revenue, while Empire Electric has a settlement that could unlock $97 million subject to customer performance metrics.
• First-quarter results slipped year-over-year with GAAP net earnings of $83.1 million (vs. $92.8M) and adjusted net earnings of $99.6 million (vs. $109M), with adjusted EPS of $0.13, driven by non-recurrence of prior-year depreciation/tax benefits, slightly unfavorable weather, and higher wildfire insurance costs.
• Balance sheet and near-term financing are being managed proactively—credit ratings remain in the triple-B/Baa2 range and the company plans to refinance ~$1.15 billion of unsecured notes via a 144A bond, supported by a $1.15 billion delayed-draw credit facility.
• Management is implementing operational improvements — updated procedures, training for damage prevention and leak response, independent QA/QC for line locating, and improved billing accuracy in Missouri — aimed at reducing safety and customer-service risk.
• The company is exploring tax optimization including a potential redomicile and has requested an IRS private letter ruling (expected 6–9 months), but no board or shareholder decisions have been made.

Algonquin Power & Utilities Price Performance

Shares of AQN stock traded down $0.20 during trading hours on Friday, reaching $6.08. 7,607,622 shares of the company were exchanged, compared to its average volume of 3,340,635. Algonquin Power & Utilities has a fifty-two week low of $5.32 and a fifty-two week high of $7.11. The stock’s fifty day moving average is $6.37 and its two-hundred day moving average is $6.26. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 26.42 and a beta of 0.74. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.82.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, March 31st. Algonquin Power & Utilities’s dividend payout ratio is presently 113.04%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays assumed coverage on shares of Algonquin Power & Utilities in a research note on Wednesday, April 1st. They set an “overweight” rating and a $7.00 price objective on the stock. National Bank Financial decreased their price objective 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. Raymond James Financial raised shares of Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $6.50 to $7.25 in a research note on Monday, March 9th. TD Cowen decreased their price objective 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. Finally, Weiss Ratings upgraded shares of Algonquin Power & Utilities from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.68.

Hedge Funds Weigh In On Algonquin Power & Utilities

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new position in shares of Algonquin Power & Utilities during the third quarter worth approximately $29,000. Group One Trading LLC lifted its holdings in Algonquin Power & Utilities by 63.3% in the fourth quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after buying an additional 2,900 shares during the period. NewEdge Advisors LLC acquired a new position in Algonquin Power & Utilities in the fourth quarter valued at approximately $47,000. Vise Technologies Inc. acquired a new position in Algonquin Power & Utilities in the third quarter valued at approximately $56,000. Finally, Tudor Investment Corp ET AL acquired a new position in Algonquin Power & Utilities in the fourth quarter valued at approximately $62,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Algonquin Power & Utilities Company Profile

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.