Algonquin Power & Utilities (NYSE:AQN) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Algonquin Power & Utilities (NYSE:AQN) from a buy rating to a hold rating in a research note published on Sunday.

A number of other research analysts have also weighed in on the stock. National Bank Financial cut 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 lowered their price target on Algonquin Power & Utilities from $6.50 to $6.25 and set a “neutral” rating on the stock in a research report on Tuesday, March 10th. Scotiabank raised Algonquin Power & Utilities from a “sector perform” rating to a “sector outperform” rating and set a $6.50 price objective for the company in a research report on Tuesday, December 16th. Zacks Research downgraded Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Raymond James Financial raised Algonquin Power & Utilities from a “market perform” rating to an “outperform” rating and raised their target price for the company from $6.50 to $7.25 in a report on Monday, March 9th. Five equities 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, Algonquin Power & Utilities has an average rating of “Hold” and an average price target of $6.63.

Algonquin Power & Utilities Stock Up 2.1%

Shares of AQN stock opened at $6.56 on Friday. The stock’s 50 day simple moving average is $6.56 and its 200 day simple moving average is $6.10. Algonquin Power & Utilities has a twelve month low of $4.45 and a twelve month high of $7.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.82 and a current ratio of 1.00. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 28.50 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings results on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating 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 company had revenue of $630.70 million for the quarter, compared to analyst estimates of $625.77 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. 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, research analysts predict that Algonquin Power & Utilities will post 0.38 EPS for the current year.

Algonquin Power & Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 4.0%. Algonquin Power & Utilities’s payout ratio is presently 113.04%.

Hedge Funds Weigh In On Algonquin Power & Utilities

Several hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Algonquin Power & Utilities by 0.4% during the 4th quarter. Invesco Ltd. now owns 3,053,534 shares of the utilities provider’s stock worth $18,779,000 after purchasing an additional 13,603 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Algonquin Power & Utilities by 9.6% in the 4th quarter. Vident Advisory LLC now owns 31,199 shares of the utilities provider’s stock valued at $192,000 after purchasing an additional 2,736 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Algonquin Power & Utilities by 40.6% during the 4th quarter. Mackenzie Financial Corp now owns 885,632 shares of the utilities provider’s stock worth $5,479,000 after buying an additional 255,549 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Algonquin Power & Utilities during the 4th quarter worth approximately $47,000. Finally, Empowered Funds LLC bought a new stake in shares of Algonquin Power & Utilities during the fourth quarter worth approximately $1,817,000. Institutional investors own 62.28% of the company’s stock.

About Algonquin Power & Utilities

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.