What is Scotiabank’s Forecast for AQN FY2026 Earnings?

Algonquin Power & Utilities Corp. (NYSE:AQN) – Equities researchers at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Algonquin Power & Utilities in a research note issued on Thursday, May 14th. Scotiabank analyst R. Hope now anticipates that the utilities provider will post earnings of $0.36 per share for the year, down from their prior estimate of $0.37. The consensus estimate for Algonquin Power & Utilities’ current full-year earnings is $0.37 per share.

Several other research analysts have also issued reports on AQN. Desjardins reduced 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. National Bank Financial dropped their target price 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, March 9th. Canadian Imperial Bank of Commerce raised their price target on Algonquin Power & Utilities from $6.25 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Raymond James Financial raised Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $6.50 to $7.25 in a research note on Monday, March 9th. Finally, TD Cowen dropped their price objective on Algonquin Power & Utilities from $6.50 to $6.00 and set a “hold” rating for the company in a report on Monday, March 9th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.77.

Algonquin Power & Utilities Stock Performance

Shares of Algonquin Power & Utilities stock opened at $5.88 on Friday. The firm has a market cap of $4.52 billion, a P/E ratio of 26.71 and a beta of 0.74. Algonquin Power & Utilities has a fifty-two week low of $5.32 and a fifty-two week high of $7.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.05 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $6.28 and a 200 day simple moving average of $6.26.

Algonquin Power & Utilities (NYSE:AQN) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Algonquin Power & Utilities had a return on equity of 5.21% and a net margin of 6.62%.The company had revenue of $713.69 million during the quarter, compared to analyst estimates of $713.69 million. During the same period last year, the company posted $0.14 earnings per share.

Hedge Funds Weigh In On Algonquin Power & Utilities

Institutional investors and hedge funds have recently made changes to their positions in the company. EdgePoint Investment Group Inc. raised its stake in Algonquin Power & Utilities by 32.6% during 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 period. Principal Financial Group Inc. bought a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth about $74,263,000. Norges Bank bought a new stake in shares of Algonquin Power & Utilities in the fourth quarter worth about $67,065,000. Goldman Sachs Group Inc. raised its position in shares of Algonquin Power & Utilities by 65.0% during the first quarter. Goldman Sachs Group Inc. now owns 12,205,756 shares of the utilities provider’s stock worth $62,738,000 after purchasing an additional 4,808,539 shares during the period. Finally, Packer & Co Ltd bought a new position in shares of Algonquin Power & Utilities during the 3rd quarter valued at about $24,235,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Algonquin Power & Utilities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 118.18%.

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.