Algonquin Power & Utilities (NYSE:AQN) Reaches New 12-Month Low – What’s Next?

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) hit a new 52-week low during trading on Monday . The stock traded as low as $5.24 and last traded at $5.2550, with a volume of 1888029 shares trading hands. The stock had previously closed at $5.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AQN shares. Huntington began coverage on Algonquin Power & Utilities in a research note on Monday, September 14th. They issued an “outperform” rating and a $7.00 price target for the company. Weiss Ratings cut Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. National Bank Financial set a $7.00 price target on Algonquin Power & Utilities and gave the stock an “outperform” rating in a report on Tuesday, September 1st. Finally, TD set a $6.00 price target on Algonquin Power & Utilities and gave the stock a “hold” rating in a research note on Monday, August 31st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.75.

Algonquin Power & Utilities Trading Down 0.9%

The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average is $5.71 and its 200-day moving average is $5.94. The company has a market cap of $3.98 billion, a PE ratio of 27.19 and a beta of 0.70.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results 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 business 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 period in the previous year, the business posted $0.04 EPS. 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 Corp. will post 0.35 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Tuesday, September 29th will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 136.84%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in Algonquin Power & Utilities by 13.0% during the first quarter. Principal Financial Group Inc. now owns 13,633,904 shares of the utilities provider’s stock worth $83,497,000 after buying an additional 1,563,924 shares during the period. Norges Bank purchased a new stake in shares of Algonquin Power & Utilities in the fourth quarter valued at $67,065,000. Dimensional Fund Advisors LP lifted its holdings in shares of Algonquin Power & Utilities by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,716,896 shares of the utilities provider’s stock worth $47,382,000 after acquiring an additional 144,500 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Algonquin Power & Utilities in the 2nd quarter worth about $46,703,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Algonquin Power & Utilities by 85.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,321,263 shares of the utilities provider’s stock worth $44,861,000 after purchasing an additional 3,376,321 shares during the period. Institutional investors own 62.28% of the company’s stock.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. is a North American utility and renewable energy company headquartered in Oakville, Ontario. Through its Liberty operating businesses, the company has provided regulated electricity, natural gas, water and wastewater services to residential, commercial and industrial customers.

Algonquin has historically operated regulated utility systems in the United States and Canada, with activities including electricity distribution and transmission, natural gas distribution, and water and wastewater utilities.