Algonquin Power & Utilities (NYSE:AQN – Get Free Report) updated its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 0.380-0.420 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of -. Algonquin Power & Utilities also updated its FY 2026 guidance to 0.350-0.370 EPS.
Wall Street Analyst Weigh In
AQN has been the topic of a number of research reports. National Bank Financial cut their price objective on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an “outperform” rating on the stock in a research note on Friday, July 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Algonquin Power & Utilities in a research report on Friday, July 17th. Canadian Imperial Bank of Commerce upped their price target on shares of Algonquin Power & Utilities from $6.25 to $6.50 and gave the company a “neutral” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a research report on Tuesday, May 12th. They set an “equal weight” rating and a $7.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $6.81.
View Our Latest Stock Analysis on Algonquin Power & Utilities
Algonquin Power & Utilities Trading Down 0.3%
Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last posted its earnings results on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 6.62% and a return on equity of 5.21%. The firm had revenue of $582.99 million for the quarter, compared to analysts’ expectations of $582.99 million. During the same period last year, the firm earned $0.04 earnings per share. 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. Analysts anticipate that Algonquin Power & Utilities will post 0.36 earnings per share for the current year.
Algonquin Power & Utilities Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Tuesday, September 29th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 29th. Algonquin Power & Utilities’s dividend payout ratio (DPR) is currently 118.18%.
Key Stories Impacting Algonquin Power & Utilities
Here are the key news stories impacting Algonquin Power & Utilities this week:
- Positive Sentiment: Algonquin reported progress in regulatory proceedings in Missouri, California and Kansas, potentially improving visibility around future utility operations and rate recovery. Algonquin Power & Utilities Corp. Reports Second Quarter 2026 Financial Results
- Positive Sentiment: The board declared a quarterly common-share dividend of US$0.065 per share, payable October 15 to shareholders of record September 29. The continued payout may support the stock’s income-oriented appeal. Algonquin Declares Third Quarter 2026 Dividend
- Neutral Sentiment: Management set fiscal 2026 EPS guidance at $0.35-$0.37 and fiscal 2027 guidance at $0.38-$0.42. The ranges bracket consensus estimates of $0.36 and $0.40, respectively, suggesting expectations were broadly maintained rather than materially raised or lowered.
- Negative Sentiment: Second-quarter adjusted earnings were $0.04 per share, below the $0.05 analyst consensus and unchanged from the prior-year quarter. Reported net earnings were $4.9 million, or $0.01 per share, while adjusted net earnings totaled $29.2 million, or $0.04 per share. The earnings and revenue shortfall weighed on sentiment. Algonquin Power & Utilities Misses Q2 Earnings and Revenue Estimates
Institutional Investors Weigh In On Algonquin Power & Utilities
Several hedge funds have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Algonquin Power & Utilities during the 3rd quarter worth approximately $29,000. Group One Trading LLC grew its stake in Algonquin Power & Utilities by 63.3% in the 4th quarter. Group One Trading LLC now owns 7,479 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 2,900 shares during the period. NewEdge Advisors LLC acquired a new stake in Algonquin Power & Utilities in the 4th quarter valued at $47,000. Vise Technologies Inc. purchased a new stake in Algonquin Power & Utilities in the 3rd quarter worth $56,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Algonquin Power & Utilities in the 4th quarter worth $62,000. 62.28% of the stock is owned by hedge funds and other institutional investors.
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.
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