National Bank Financial Lowers Algonquin Power & Utilities (NYSE:AQN) Price Target to $7.25

Algonquin Power & Utilities (NYSE:AQN) had its price target reduced by investment analysts at National Bank Financial from $7.50 to $7.25 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the utilities provider’s stock. National Bank Financial’s price objective indicates a potential upside of 17.69% from the stock’s current price.

Several other research firms have also commented on AQN. Wall Street Zen raised shares of Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank upgraded shares of Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective on the stock in a research note on Tuesday, December 16th. TD Cowen cut 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 report on Monday. Janney Montgomery Scott set a $7.00 target price on Algonquin Power & Utilities in a research note on Monday, November 10th. Finally, Desjardins lowered their target price on Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating for the company in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Algonquin Power & Utilities currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Algonquin Power & Utilities Stock Performance

Shares of AQN stock traded up $0.08 on Monday, hitting $6.16. 3,142,801 shares of the stock traded hands, compared to its average volume of 4,946,968. The company’s fifty day moving average is $6.54 and its 200 day moving average is $6.08. Algonquin Power & Utilities has a 1-year low of $4.45 and a 1-year high of $7.11. The company has a market capitalization of $4.73 billion, a PE ratio of 26.78 and a beta of 0.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.23 and a quick ratio of 0.98.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Algonquin Power & Utilities had a net margin of 7.32% and a return on equity of 5.45%. The firm had revenue of $630.70 million during the quarter, compared to the consensus estimate of $625.77 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. 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. On average, equities research analysts predict that Algonquin Power & Utilities will post 0.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AQN. Quarry LP bought a new stake in shares of Algonquin Power & Utilities during the third quarter valued at about $29,000. Group One Trading LLC raised its position in shares of Algonquin Power & Utilities by 63.3% during the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock worth $46,000 after buying an additional 2,900 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities in the 4th quarter worth approximately $47,000. Tudor Investment Corp ET AL acquired a new stake in shares of Algonquin Power & Utilities in the 4th quarter worth approximately $62,000. Finally, Wedbush Securities Inc. bought a new position in shares of Algonquin Power & Utilities in the second quarter valued at approximately $58,000. 62.28% of the stock is 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.