What is Scotiabank’s Forecast for AQN FY2027 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities research analysts at Scotiabank decreased their FY2027 earnings estimates for Algonquin Power & Utilities in a research report issued on Thursday, March 12th. Scotiabank analyst R. Hope now anticipates that the utilities provider will post earnings of $0.41 per share for the year, down from their prior forecast of $0.43. Scotiabank currently has a “Sector Outperform” rating and a $6.50 target price on the stock. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.38 per share.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings data on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $630.70 million during the quarter, compared to analyst estimates of $625.77 million. During the same quarter last year, the business posted $0.06 EPS. The company’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.

Several other research analysts have also weighed in on the company. Desjardins dropped their price target on Algonquin Power & Utilities from $7.25 to $7.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James Financial upgraded Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $6.50 to $7.25 in a research report on Monday. Wall Street Zen raised Algonquin Power & Utilities from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. National Bank Financial reduced their price target on shares of Algonquin Power & Utilities from $7.50 to $7.25 and set an “outperform” rating for the company in a research report on Monday. Finally, TD Cowen decreased their price target on shares of Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a report on Monday. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.63.

Algonquin Power & Utilities Stock Up 1.9%

Shares of AQN traded up $0.12 during mid-day trading on Friday, reaching $6.41. The company’s stock had a trading volume of 207,872 shares, compared to its average volume of 4,841,933. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 27.98 and a beta of 0.75. The business has a fifty day moving average of $6.54 and a 200 day moving average of $6.09. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 1.27. Algonquin Power & Utilities has a 1 year low of $4.45 and a 1 year high of $7.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AQN. Northwest & Ethical Investments L.P. boosted its stake in Algonquin Power & Utilities by 1,331.3% during the second quarter. Northwest & Ethical Investments L.P. now owns 888,264 shares of the utilities provider’s stock worth $5,090,000 after buying an additional 826,203 shares in the last quarter. Cidel Asset Management Inc. grew its stake in Algonquin Power & Utilities by 2.4% during the third quarter. Cidel Asset Management Inc. now owns 3,253,612 shares of the utilities provider’s stock worth $17,491,000 after buying an additional 75,266 shares during the last quarter. Vanguard Group Inc. increased its holdings in Algonquin Power & Utilities by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 33,744,586 shares of the utilities provider’s stock valued at $181,377,000 after purchasing an additional 1,086,040 shares in the last quarter. Callodine Capital Management LP increased its stake in shares of Algonquin Power & Utilities by 39.3% in the second quarter. Callodine Capital Management LP now owns 4,840,969 shares of the utilities provider’s stock valued at $27,739,000 after buying an additional 1,365,969 shares in the last quarter. Finally, Bank of Nova Scotia increased its position in Algonquin Power & Utilities by 4.6% in the 2nd quarter. Bank of Nova Scotia now owns 10,207,442 shares of the utilities provider’s stock valued at $58,375,000 after acquiring an additional 445,707 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Algonquin Power & Utilities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, March 31st. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 113.04%.

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.