Algonquin Power & Utilities (NYSE:AQN) Reaches New 12-Month Low – Should You Sell?

Shares of Algonquin Power & Utilities Corp. (NYSE:AQN) hit a new 52-week low during trading on Monday . The stock traded as low as $5.24 and last traded at $5.2550, with a volume of 1888029 shares trading hands. The stock had previously closed at $5.35.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. National Bank Financial set a $7.00 target price on shares of Algonquin Power & Utilities and gave the stock an “outperform” rating in a report on Tuesday, September 1st. Weiss Ratings downgraded Algonquin Power & Utilities from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. TD set a $6.00 price objective on Algonquin Power & Utilities and gave the stock a “hold” rating in a research note on Monday, August 31st. Finally, Huntington began coverage on Algonquin Power & Utilities in a research report on Monday, September 14th. They set an “outperform” rating and a $7.00 target price for the company. Seven 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.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.75.

Algonquin Power & Utilities Stock Down 2.1%

The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.69. The company has a market capitalization of $4.03 billion, a PE ratio of 27.55 and a beta of 0.70. The business has a 50-day moving average of $5.73 and a 200 day moving average of $5.97.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly 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 5.77% and a return on equity of 5.16%. The firm had revenue of $582.99 million for the quarter, compared to analysts’ expectations of $582.99 million. During the same quarter in the prior year, the business earned $0.04 EPS. 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. Equities research analysts predict that Algonquin Power & Utilities Corp. will post 0.35 earnings per share for the current year.

Algonquin Power & Utilities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, September 29th. This represents a $0.26 annualized dividend and a yield of 5.0%. Algonquin Power & Utilities’s dividend payout ratio (DPR) is 136.84%.

Institutional Trading of Algonquin Power & Utilities

A number of large investors have recently made changes to their positions in AQN. Squarepoint Ops LLC grew its position in Algonquin Power & Utilities by 14.8% in the second quarter. Squarepoint Ops LLC now owns 83,196 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 10,721 shares in the last quarter. Nykredit A S purchased a new stake in Algonquin Power & Utilities during the second quarter valued at approximately $78,000. Amundi lifted its stake in shares of Algonquin Power & Utilities by 12.5% in the 2nd quarter. Amundi now owns 174,789 shares of the utilities provider’s stock valued at $1,024,000 after purchasing an additional 19,454 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Algonquin Power & Utilities by 31.8% in the 2nd quarter. HighTower Advisors LLC now owns 32,052 shares of the utilities provider’s stock worth $188,000 after purchasing an additional 7,729 shares during the period. Finally, Greenland Capital Management LP boosted its holdings in shares of Algonquin Power & Utilities by 5.0% in the 2nd quarter. Greenland Capital Management LP now owns 975,010 shares of the utilities provider’s stock worth $5,732,000 after purchasing an additional 46,020 shares during the period. 62.28% of the stock is currently owned by institutional investors.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. is a North American utility and renewable energy company headquartered in Oakville, Ontario. Through its Liberty operating businesses, the company has provided regulated electricity, natural gas, water and wastewater services to residential, commercial and industrial customers.

Algonquin has historically operated regulated utility systems in the United States and Canada, with activities including electricity distribution and transmission, natural gas distribution, and water and wastewater utilities.